1. XLF – Short dated call volume continues to dominate the flow. The Dec 27th weekly 21 calls continue to be bought as over 100,000 traded today with lots trading for .43, after yesterday’s action that saw 84,000 trade hands.
2. YHOO – Paper bought 5500 of the Jan 40 calls for 1.18 and sold 3000 Jan 38 calls at 2.11, crossed all. Also, a trader bought the Jan 43/34 risk reversal around 20k times paying .11.
3. MSFT – The Dec 39 calls traded over 100k on the day, at an average price of 0.37 (prior open interest around 47k). Total options volume around 3x one month average volume.
4. T – Someone paid .18 outright for the Dec 35 calls, 33,000 times. T closed at its lowest level since mid-October.
5. JCP – Trader bought 20k of the March 8 puts for about 1.05 (this on surface bearish, but was to close), so trader closing bullish bet.
6. ANF – 5000 of the Jan3rd 38 calls were bought paying btwn .70 and .75 to open.
7. DG – Stock up 6% on better than expected results. Buyer of the May 62.50 / 67.50 1 x 1.5 call spread 10k by 15k paying .85, breaks even at 63.35 up 5.5%, max gain of 4.20 at 67.50 up 12.5% on May expiration.