Volatile intraday action, and options volumes were dominated by macro trades.
- VWO – Huge roll of the VWO Jun 42 puts out to the Jul 40 puts, selling 160k of the Jun to buy 235k of the Jul, around premium neutral.
- EEM – Essentially the same trade in EEM (the other emerging market ETF), as 200k of the June 42 puts were rolled down to 235k of the Jul 40.5 puts
- SPY – Interesting weekly put activity ahead of payrolls tomorrow, as the weekly 160, 158, and 161 puts all traded over 100k, with buyers dominating. June22nd 160 puts also traded over 100k.
- VXX – Twice the 1 month average volume in VXX options today (and the highest volume in VXX since April). The weekly 20 puts and Jul 17 puts were the most active lines.
- DXJ – Japanese shares were hit especially hard during U.S. hours as the yen ripped higher. The Jul 47/50 call spread traded 10k times at 0.50.
- EWW – Trader sold 27k of the June 73 puts at 7.70 to close, paired against a EWZ trade.
- EWZ – Same trader bought 35k of the June 56 puts for 6.00 to close, closing out the pair trade.
- JNJ – Buyer of 5k x 10k of the Jul 82.5 / 87.5 1×2 call spread for 1.50, a short vol structure possibly paired against an existing long stock position.
- DOLE – Trader close out a risk reversal, selling the Jul 8 puts to close, 17k around 0.05, and bought almost 20k of the Jul 10 calls for 0.25 to close
- OXY – Someone sold 5300 of the Aug 90 calls at 5.85, and 2250 of the Nov 100 calls at 3.40, likely to close.