December Options Trades
Below is a list of some unusual options activity by day for December (starting on December 12th). The data is the beginning of my nightly research for my own personal trading and acts as a rough draft for my weekly unusual options activity posts for SeeItMarket.com. For the most part I typically won’t make note of many ETF/index trades, stock replacements, and shorter-dated activity that I feel has already played out or now offers unfavorable odds. You can follow me on Twitter and Stocktwits for more investing research.
1. TTMI- Buyer of 5,000 June 2017 $17.50 calls for $0.65, average daily call volume of 65 contracts, call OI of 1,663 contracts, IV +11.3% to 46.99, call to put ratio of 21:1
2. ORIG- Buyer of 5,000 Dec $2 puts for $0.15, put activity was 30x the average daily volume. Earnings are due out on December 14th … 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 »
Smart Money Report
ALNY- 1,000 Dec $75 calls were purchased for $5.90 each, against open interest of 133 contracts. (ALNY) has Phase 2 data due out in the 4th quarter.
KBH- 4,305 Oct $18 calls were sold for $0.32 each, against open interest of 3,597 contracts. Earnings are due out on 9/24. Shares of KB Home found resistance just below the $18 level last month.
MDC- 12,922 Oct $29 calls were sold for $0.45 each, against open interest of 4,384 contracts. The $29 level acted as resistance late last month/early this month. Typically trades 874 calls per day.
PTEN- 2,000 Sep $31 puts were sold for $0.46 each, against open interest of 406 contracts. Patterson-UTI Energy shares found support just above the $31 level earlier today.
ZION- A rollout from 5,000 Sep $30 calls (credit) into 5,000 Oct $30 calls (debit). Volume was above … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put selling in Patterson-UTI Energy (PTEN) and a call rollout in Zions Bancorporation (ZION).
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