Calls dominated volume as the call/put ratio hit the lows of 2013.
- BAC – Stock moved to positive for 2013, gapping above the important 11.61 2012 closing level. Call to put ratio up to 2.5, and Mar16th 12 calls traded almost 60k.
- YHOO – Classic 1×2 call buying from someone looking for cheap upside leverage. Trader bought 14,500 x 29,000 of the Oct 27 / 29 1×2 call spread for 0.05, and 14k x 28k of the Jan14 27 / 30 1×2 call spread for 0.13
- DELL – Icahn disclosed a 6% stake and intentions to vote against the current buyout offer, sending DELL up 1.75%. The Apr 14 calls traded almost 45k, with the Mar16th 14 calls the second most traded line, at almost 30k. Implied vol exploded higher, up 4-6 points in Mar and Apr.
- F –The Mar 13 calls traded 44k, mostly this morning, in what looks like selling to close around 0.14 and 0.13.
- XRT – Buyer of 20k x 40k of the Apr 67 / 64 1×2 put spread for 0.17. XRT has not made a new 2013 high the past 2 days.
- EEM – Buyer of the Jun 43.5 / 48 call spread for around 1.40, trading 30k times.
- APC – Seller of 10k of the May 80 calls midday around 5.70, likely to close.
- TRIP – Above average volume, particularly on the calls, as the May 55 and Apr 55 calls both traded around 2k to open.
- XLF – Some anticipation of a positive stress test announcement yesterday, as financials were strong all day, and then someone bought 20k of the Mar 18.5 calls for 0.05, 45k of the Mar28th 19 calls for 0.025, right near the close.
- AAPL – Call to put ratio at 1.6. Weekly 430 calls traded almost 30k. Implied vol across the term structure moved higher.