No theme stood out among the largest trades today. On a relatively low volume day:
- AAPL – I would have expected greater volume on the day of the earnings announcement. The 650 strike calls in Oct and Nov were the most active lines
- IP – Largest single stock print of the day. Buyer of 25k of the Jan13 43 calls this morning, paying 0.10, likely to close based on open interest.
- GRPN – someone bought 27,500 of the Apr13 4 calls for $1.20. GRPN has basically been flat since its earnings miss in mid-August
- ZNGA – The Nov 2 calls traded more than 25k for around 0.41 in the morning, looked like a seller, taking advantage of the 12% bounce
- DOW – Someone sold 25,904 of the Dec 32 calls at 0.37, likely to close based on open interest.
- EXPE – Stock opened higher on the earnings beat, but closed lower. The Jan13 48 / 50 call spread was sold, 10k times, for around 1.15, likely to close
- CAB – The options in the stock traded 17 times average options volume, as the stock was down almost 20% after it missed on revenues and guidance
- ANGI – Angie’s List was up 27%, and the options, which rarely trade, had 10 times average volume. The Nov 10 and 12.5 calls were the most active.
- CROX – The stock was down 21%, to 3 year lows, after a weak earnings report. Options traded 7 times normal volume, with the Nov 13 puts the most active
- RCL – Royal Caribbean was active on a strong earnings report, up 8% to 1 year highs. The March 34 and Jan13 30 calls were the most active.