Here is some generally directional, untied options activity that caught my eye during Thursday’s trading:
1. MCD – saw a bullish roll. When the stock was 96 a trader sold to close 43,
2. NTAP – saw an opening buyer of puts,. When the stock was 37.
3. USO – saw a bearish roll,. When the WTI Oil etf was 17.
4. NKE – when the stock was 95.
5. MBLY – interesting trade went up when the stock was $40. It looks like an investor bought a put spread collar, where they sold 2500 June 44 calls at 2.45 and bought the June 37 / 28 put spread for 2.55, 2500x, paying 10 cents for the package. I suspect this trade is seeking protection for a long position of 250,000 shares. The investor participates on the long side between $40 and $44, but stock is called away at $44, up 10%, but has losses of the stock between $40 and $37, has protection between $37 and $28 on the downside. If the stock is below $28 the trader suffers loses below, but has mitigated $9 of downside risk.
6. SGMS – saw a bullish roll when stock was 13.
7. MOS – on March 4th I highlighted some opening put buying in the April 50 puts:
MOS seeing some opening put buying,when stock was $52.58 a trader paid .54 for 5,000 April 50 puts to open. The stock is 3.5% off of the 52 week highs made last week, but still up 13% on the year. They are not expected to report earnings again until early May missing April expiration
The stock is now down 10% from the levels where that put buying occurred, yesterday closing down 11% from the 52 week highs and now only up 3% on the year. When the stock was $48 a trader paid .59 for 10,000 April 45 puts to open.