Another quiet day in cash volumes. Tech dominated option volumes.
- INTC – Most active line was the weekly 21.50 put, trading over 60k, with some aggressive buying in the afternoon even as the stock did not move much.
- CSCO – Apr 21 calls traded over 35k at an average price of 0.20, with mostly buyers initiating in the morning.
- AAPL – Stock found support today at the 450 level. The call to put ratio was around 1.6, and the weekly 455 calls and weekly 450 puts both traded around 37k.
- BBRY – Weekly 15, 16, and 16.5 call lines the most active ahead of earnings tomorrow morning. Implied move is about 12.5% based on the weekly straddle.
- FB – Weekly 26 calls traded over 20k, as the stock bounced 3.5% on strong volume after breaking the 25 level for the first time since November. $26.62 is the closing level in 2012, and an important pivot point.
- HNZ – The Sept 75 calls traded 18k on the day at 0.10, possibly to close as it matched the open interest on that line.
- NYT – Buyer of 20k of the Oct 10 calls for 1.10 to open. Stock hasn’t sustained a rally above 10 for more than a few months since 2008.
- FCX – May 35 calls trade more than 18k on the day, buyer initiating, avg. price of 0.54 on the day.
- NFLX – After yesterday’s flurry of call buying, the weekly 195 calls active again, trading over 15k, but moved lower throughout the day after a spike after the open.
- BAC – Weekly 12 puts traded almost 40k at 0.02, which is a long shot with the stock closing at 12.23.