Too Many Options: $XLF, $JPM, $BAC, $LNG, $AAPL

by Enis May 22, 2013 5:24 pm • Commentary

Most of the options volume was concentrated in the indices rather than single stocks.  Financials one of the most active sectors again.

  1. XLF – Trader sold 60k of the Jul 20 calls at 0.55 to close, and used some of that premium to buy 60k of the Aug 21 calls for 0.27 to open.
  2. JPM – The June 52.5 puts were sold around 25k in the afternoon at 0.53 to open.  $51 is major support on JPM.
  3. BAC – Call to put ratio about 2.1, close to the 1 month average.  The weekly 13.5 calls and the June 14 calls both traded more than 25k.
  4. LNG – There was a buyer of 30k of the Sept 35 calls in the afternoon for around 1.085 average price.  LNG has not traded above 35 since 2007.
  5. AAPL – Call to put ratio around 1.5, slightly below the 1 month average.  The weekly 450 calls were the most active line, trading around 35k.