Unusual Options Activity
AK Steel (AKS)- 6,000 Mar 27 weekly $4.50 calls were purchased for $0.08-$0.09 each. Other steel stocks, United States Steel, Steel Dynamics, and Nucor, have all saw big upside call buying in recent weeks.
ING Groep NV (ING)- 5,000+ Oct $15 calls were bought for $0.95-$1.05 each, following yesterday’s buyer of 14,000 Oct $15 calls. 2/3rds of the current total call open interest is from these Oct calls.
Oracle (ORCL)- 7,400 Apr 24 weekly $43 puts were sold for $0.48 each. The company raised their dividend 25% last night, but missed on Q3 revenue estimates (on a constant currency basis they were up 6%).
Philip Morris International (PM)- A rollout from 3,615 June $80 puts ($4.91 credit) into 3,108 June $77.50 puts ($3.50 debit) today. 8,000 Apr 17 $75 puts were purchased for $0.67-$0.69 each on March 10th.
Prudential Financial (PRU)- Roughly … Read More »
ORM Market Commentary
S&P 500 Nears Key Support Levels
Today’s ORM Market Commentary is an example of what will be included in my ORM Equity/Option Trader Subscription Service for $9.99 per month. Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
Notes: A strong U.S. dollar and the start of the Euro Zone QE program on Monday ($1.2T program) are weighing on the currency. Given that this program could last until September 2016 or beyond (2% inflation target), it is not out of the question to see parity against dollar by the time their quantitative easing has ended.
Top Trade Idea Of The Night (IMAX)
Notes: The $2.3B movie … Read More »
(This Options Report is an example of what will be included in my ORM Equity/Option Trader Subscription Service for $9.99 per month)
Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
Open Interest Updates From The Previous Trading Days Action
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 13,063 to 17,027 contracts (more buying yesterday).
Continental Resources (CLR)- Apr $40 put open interest went from 1,451 to 3,825 contracts (buying yesterday).
Louisana-Pacific (LPX)- May $16 put open interest went from 3,433 to 5,578 contracts (more buying as part of a rollout).
Macerich (MAC)- Apr $95 call open interest went from 4,958 to 11,374 contracts and Apr $105 call open interest went from 2,642 … Read More »