Relatively quiet in options, despite the higher-than-normal cash volumes.
- BAC – Financials reversed early morning strength as European banks closed down 4%. There was a buyer of 75k of the May 11 puts for 0.14 this afternoon.
- AAPL – Call to put ratio up to 1.75 today as traders got more bullish with the stock above the 50 day ma for the first time since Oct. Weekly 470 and 465 calls most active, trading around 40k and 35k respectively.
- DELL – Higher bids from Blackstone and Carl Icahn caused a 2.5% rally. The May 14 calls traded over 20k, mostly selling (likely to close) in the morning.
- CSCO – Seller to close of 40k of the Jul 24 calls at 0.0975 average on the day.
- LCC – Buyer of 20k of the Jan15 15 calls for 3.80 to open, possibly stock replacement after the stock’s strong run. That’s $7.6 million in premium for those calls.
- F – Buyer of 20k of the Jan14 10 puts for 0.34 in the afternoon, possibly to close given the high open interest.
- S – The Apr/May 6 call calendar traded 10k for 0.08 in the afternoon. Stock held the important $6 level.
- BBRY – Weekly options dominated volume as BBRY reports before the market open on March 28th. Most active non-weekly option line was a buyer of 4k of the Jul 14 calls for 2.61
- CLF – Stock is extremely oversold, and bounced 4% today, with heavy weekly call buying, led by the weekly 21 calls, trading over 10k.
- FB – The weekly calls were active (call to put ratio around 1.8), mostly buying, but the stock still closed at 4 month lows, and just above important support at 25.