Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading:
1. BBRY – total options volume ran 2x average daily volume, with calls outweighing puts by about 10%. But it was the accumulation of 25,
2. BABA – The stock closed at a new all time low, but still well above its $68 September 18th IPO price, as investors remain concerned about the impending ipo lock up expiration of 429 million shares on March 18th.
3. XOM – a day before the company’s annual analyst meeting put volume was slightly more than 2x that of calls. When the stock was 87.30 a trader sold to close 15,900 March 90 puts at 3.15 and bought 15,900 March 88 puts for 1.8 to open, rolling down a bearish view.
4. FAST – when the stock was 41.27 a trader rolled a bearish view down, selling 10,000 of the March 43 puts at 1.75 to close and bought 11,000 of the March 41 puts .70 to open. The company is scheduled to report Q1 April 14th, but will issue February sales this morning.
5. GOGO – options volume ran 3.5x avg daily, with calls outnumbering puts almost 4 to 1. April calls were being bought to open with 4300 of the April 19 calls and 2700 of the April 20 calls bought to open. The stock is already up 18% in 2015, quickly approaching new 7 month highs and a fairly formidable resistance level at $20: