Too Many Options: $EEM, $VIX, $AAPL, $INTC, $MU

by Enis August 19, 2013 4:13 pm • Commentary

Quiet option volumes in single stocks as the focus was on the macro situation.

  1. EEM – Buyer of 104k of the Dec 35/27 put spread paying 0.78.  EEM fell back below its 50 day moving average as resource names underperformed today.
  2. VIX – Trading more active ahead of VIX expiry on Wednesday morning.  The Aug 14 puts traded over 100k as VIX shot up to 6 week highs today.
  3. AAPL – Call to put ratio still quite elevated today, around 1.8, though AAPL couldn’t quite fill its January earnings gap around $514.  Weekly 510 and 520 calls were the most active lines.
  4. INTC – Stock was almost 2% higher on an upgrade today, though it finished off its best levels too.  The Oct 22 puts were the most active line, trading over 20k on the day.
  5. MU – Looks like a seller of 15k of the Jan15 20 calls at 1.35 to open.