On Jan options expiry, the usual suspects dominated single stock options volume – AAPL, BAC, FB.
- AAPL – It did indeed pin 500. The 500 calls and puts expiring today traded 120k and 80k respectively. Interestingly, next week’s 500 straddle price moved lower by $1.50 in the last hour of the day.
- BAC – Rough start to 2013 for BAC, down 4% to start the year. The Jan 10 calls traded more than 90k, and the Jan 11 calls traded 58k on the day.
- FB – the Feb1/Feb8 weekly 34 calls spread traded 46,673 times for 0.15. Earnings are January 30th. The vol skew between the two is currently 6 points.
- GLD – the Jun28 QTRLY 175/185 call 1×2 spread traded 18,000 times opening. This is a bullish trade.
- SPLS – the Jan’14 10/15 risk reversal (selling 10 puts, buying 15 calls) traded 5,000 times. There was sufficient open interest on both lines.
- MS – A large diagonal call spread traded midday. Trader bought 30k of the Apr 24 calls, sold 30k of the Jan14 30 calls, paid 0.10 for the diagonal, playing for continued upside.
- IYR – A large put spread buyer, buying 10k of the Feb 66 / 64 put spread for 0.20, a rare put trade on a day dominated by calls.
- DELL – The Feb 14 calls traded over 40k over the course of the day, at an avg. price of 0.1274. Obviously more LBO speculation.
- JPM – The Feb 50 calls traded around 40k at an avg. price of 0.1225, playing for a move to 5 year highs in the next month.
- SHLD – The Jan15 60 / 70 call spread traded 40k, around 2.45, looks like a buyer. Quite a large trade (about $10 million in premium) for a rarely traded name.