Too Many Options: $VXX, $EEM, $SPY, $HPQ, $T

by Enis October 10, 2013 4:26 am • Commentary

Macro-related ETFs dominated volumes again, with 5x normal volume trading in VXX.

  1. VXX – The Nov 13, 14, 15, and 16 puts all traded over 150k contracts on the day, with a few large spread trades printing in the morning.  VXX low of the year is 13.42.
  2. EEM – Looks like a massive roll in Dec/Jan Calls – trader sells 160k Dec 38 calls to close at 4.13 and Buys 160k Jan 41 calls for 2.24 to open.
  3. SPY – Large put volumes once again.  The Oct18th 165, Oct11th 165, and Nov1st 160 puts all traded over 100k.
  4. HPQ – The stock closed 9% higher after positive comments from CEO Meg Whitman at an analyst meeting.  The Oct18th 22 calls traded over 65k at an average price of $0.57.
  5. T – Best performing stock in the S&P top 50.  The Oct18th 34 calls traded over 20k at an average price of 0.29.