Too Many Options 11/13/13: $BAC, $BBRY, $EWJ, $VIX

by Dan November 13, 2013 4:27 pm • Commentary


  1. BAC –  A trader sold 125,000 Jan2015 $17 calls at .79 to close, vs the trader buying 4,125,000 shares for 14.45. Open interest in the strike is 194,000.
  2. EWJ – The Japanese ETF saw a large roll where a trader sold 100,000 Nov 11 Puts at .01 to close, and bought 100,000 Jan 11 Puts for .11 to open.  We may see a bit more of this between now and Friday’s close as there is 390,000 of open interest in the Nov 11 Puts.
  3. BBRY –  trader peels out of a bearish bet selling 30,000 Dec 6 Puts at .25 to close, there is 83,000 open interest in the strike, 46k of those looked to be closed today.
  4. VIX –  right out of the gate on the down opening a trader bought 80k Feb 21 calls for 1.35.  Later in the morning there was a buyer of the Feb 22 calls, with a block of 30,000, 10,000 and 9,000 being bought within a few minutes for 1.20 to open.  90,000 traded in the 22 line.
  5. BBY –  With the stock making new 52 week highs today, a trader bought 5k of the Dec 44/49 call spreads for 1.82, looks like 10k of the spreads traded on the day.  BBY reports their Q3 earnings on Nov 19, and investors will be keenly interested in hearing their commentary about the holiday season.
  6. AMTD – A customer bought 7600 Jan 15 35 calls, paid up to 1.20 for 7600. The trade was opening.