The tech sector was the most active among single stock options once again.
- MSFT – The same trader who bought the Apr 30 puts yesterday rolled them down to the Apr 29 strike and locked in a nice profit, selling the Apr 30 / 29 put spread at 0.63, 55k times.
- AAPL – Call to put ratio at 1.45. The weekly 435 calls traded almost 45k, with the weekly 440 calls the second-most traded line, around 30k. No standout strikes for expiry tomorrow.
- BBRY – Stock was down almost 8% on rumors of Z10 order weakness. The weekly 13.5 puts traded more than 25k, mostly to open, bought in the afternoon.
- WFC – Earnings tomorrow morning. Buyer of the May 38 / 40 call spread paying 0.52, looks like someone rolling down their long call from the 40 to the 38 strike.
- NE – Buyer of 24k of the Sept 38 calls paying 3.15, against which trader sold 36k of the Sept 45 calls at 0.97. Also, likely same trader, sold the Jan14 45 / 55 call spread about 11k times at 1.38. So new position: long 24k Sept 38 calls, short 36k Sept 45 calls and short 12k Jan14 55 calls, sort of like a long 1×2 call spread.
- T – Buyer of 27k of the Jul 39 puts throughout the day for an average price of 1.54. Stock hit a new 4.5 year high today.
- PBR – Buyer of 24,500 of the May 20 calls for 0.10. Stock down 15% in 2013.
- PG – Buyer of 20k of the Apr 82.5 calls for 0.05. Long-shot punt on big move in the next week.
- GM – Someone bought around 15k of the June 31 calls this morning at an average price around 0.66. Stock is up close to 8% this week.
- PFE – After the Apr 30 calls traded 20k yesterday, the same line traded around 20k today as PFE broke through 30 for the first time since 2004.