XLB
2015-07-07 Unusual Options Activity (ANAC) (ATVI)
Unusual Options Activity
Anacor Pharmaceuticals (ANAC)- There was another rollout from 1,000 July $80 calls ($7.80 credit) into 1,000 Aug $90/$120 bull call spreads ($11.60 debit). This same trade occured yesterday too. The maker of Kerydin (anti-fungal toenail treatment) had its price target raised to $80 from $70 at Jefferies on July 1st. They are upbeat about upcoming Phase 3 results out within the next month or so on AN2728.
Activision Blizzard (ATVI)- Over 3,200 Nov $26 calls were bought for $1.23. Today, Pacific Crest kept their overweight rating and upped the price target to $30 from $25.
Corning (GLW)- There was a rollout from 5,000 July 10 weekly $20 puts ($0.77 credit) into 7,500 July 10 weekly $19.50 puts ($0.40 debit). GLW is hitting new lows amide concerns in the semiconductor industry. The cell phone screen maker will report earnings on July 28th.
IMAX … Read More »
2015-06-29 Unusual Options Activity (WMB) (XLB)
Unusual Options Activity
BP p.l.c (BP)- 3,000 July 17 $40 puts were bought for $0.49, against open interest of 3,810 contracts. The stock is on pace to close below the 100-day SMA for the first time since March.
InfraREIT (HIFR)- 2,000 Aug $35 calls were purchased for $0.85-$0.95. Call activity was 8x the average daily volume. Hunt Consolidated (large HIFR shareholder) is looking at acquiring assets from Energy Future. On June 16th, Macquarie initiated HIFR with an outperform rating and a $36 price target.
Williams Companies (WMB)- The Sep $50/$60/$67.50 bull call spread risk reversal was put on 7,500 times for a $0.48 debit. Last week, Energy Transfer Partners offered to acquire WMB for $64 per share. This has since been rejected as too low of an offer.
Materials Select Sector SPDR Fund (XLB)- 10,000+ July 2 weekly $49 puts were purchased for $0.38-$0.42. … Read More »
2014-10-27 Unusual Options Activity (HUN) (XLB)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put buying in Huntsman (HUN) and the Materials Select Sector SPDR (XLB).
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Heavy Put Activity: Materials Sector ETF (XLB)
Heavy Put Activity: Materials Sector ETF
My commentary on the Materials Sector ETF for TraderPlanet http://www.traderplanet.com/commentaries/view/165196-heavy-put-activity-materials-sector-etf-xlb/
