Too Many Options: Financials Active, $JPM, $XLF

by Enis May 20, 2013 6:55 pm • Commentary

XLF touched 20 for the first time since 2008, and financials were the most active sector.

  1. XLF – The customer sold the June 18 puts to close 96k times, and bought the Aug 19 / Aug 17 put spread 96k times, paying 0.23 for the package.
  2. JPM – The June 45 / 52.5 risk reversal traded around 25k at about 0.96 average price over the day, likely someone closing based on almost 50k of open interest on both lines.
  3. GE – Someone sold the June 23 / Jul 24 call diagonal at 0.32, 10,000 times.  GE is one of the few large cap industrials that has failed to break out to new highs.
  4. APA – Energy was the strongest sector today.  Buyer of 10k of the Jan14 90 / 100 call spread for 2.15 to open.
  5. KSS – Seller of 8,200 of the June 52.50 calls at 0.70 to open.  KSS is up 10% in the last 2 weeks.