Elon Musk-related names dominated options volumes today, as TSLA and SCTY both ripped higher on near record volumes, and options volumes were similarly elevated.
- TSLA – Call to put ratio was at 1.3, and May call buying dominated volumes, as the stock is up 60% in 3 days. The May 85 and May 90 calls both traded over 10k.
- SCTY – The stock rallied almost 25% ahead of its earnings number after the close, which actually missed, but the stock is only down 5.5% after hours. The June 30 puts traded around 4500, and the May 35 calls traded more than 4k as well.
- SPWR – Solar names were active in general. The May 20 and May 16 calls both traded over 3k on the day. Stock has doubled in the past 6 weeks.
- TSL – TSL has been a laggard in the solar sector on a relative basis, but was stronger the past 2 days. Looks like someone rolled up the June 4 and 4.5 puts up to the June 5 put strike, about 20k in total.
- HPQ – Looks like someone sold the Jan15 10 / 17 call spread to close at $5.50, and bought the Jan15 17 put to open for $2.15
- DNR – Buyer of 13k of the Sept 20 calls for around 0.5275. Stock has not traded above 20 for more than a year.
- AAPL – Light volume today. Call to put ratio around 1.45, and the weekly 460 and 455 calls both traded above 20k.
- BAC – The weekly 13 calls (with 176k of open interest) traded around 35k at an average price of 0.175
- JPM – The June 45 / 50 risk reversal traded around 25k times for about $0.70 on the day, possibly a collar for protection.
- BKS – The Jul 18 / 23 call spread traded around 3k times at $2.90, which could be someone rolling up their long call exposure in the name.