Too Many Options: $GLW, $F, $MSFT, $GILD, $VWO

by Enis October 24, 2013 5:50 am • Commentary

Light option volumes once again as trading was generally earnings focused.

  1. GLW – More than 10x normal call volume as the stock rallied 14% on its Samsung partnership.  The Jan14 17 calls were the most active line, trading over 35k at an average price of 0.98.  Dan’s thoughts on GLW from last week here.
  2. F – 5x normal call volume ahead of this morning’s earnings report.  Dec 19 calls were the most active line, trading over 30k.
  3. MSFT – Stock reports after the close today.  Nov 36 calls traded over 25k at an average price of 0.23.  Our cheat sheet for earnings.
  4. GILD – The Nov 67.5/60 1×2 put spread traded 8k x 16k for 1.06 early in the morning, possibly a trader rolling up long puts to the 67.5 strike.  Stock reports earnings on Oct. 29th.
  5. VWO – The rarely traded emerging markets ETF (in comparison to EEM) had a big options trade today – the Dec 41 put traded over 100k for 0.90.