Here is some generally directional, untied options activity that caught my eye during Tuesdays trading:
1. CBS – when stock was $
3. EEM – closed above its 200 day moving average (yellow line below) on Monday for the first time since late November, and this morning in the pre-market trading above the important $42 technical resistance level:
Late int he afternoon when the etf was $41.65 a buyer paid .47 for 35,000 of the May 42.50 / 45 call spreads to open. This trade breaks-even at $42.97, with a max gain of up to 2.03 between $42.97 and $45.
4. QUNR – here is Bloomberg’s description of what this company does:
Qunar Cayman Islands Limited operates a search-based commerce platform. The Company provides travel product information from thousands of travel services providers in one location. Qunar Cayman Islands offers its services in China.
I really don’t know what any of that means, but it at-least a few investors in the last month have woken up to QUNR’s prospects for offering “travel product information” as the stock is up 50% in the last month, even with yesterday’s nearly 10% decline.
When the stock was $44.60 a trader rolled out a bullish view, selling to close 10,000 July 45 calls at $4.15 and bought 15,000 Oct 60 calls for 2.20 to open.
5. EPI – saw 5x average daily options volume yesterday yesterday, with the largest trade of the day in the most active strike. When the Indian etf was trading 23.27 a trader bought to open 20,000 April 23 puts for .20, 30,000 traded on the day. Earlier in the day it looked like there was a closing seller of 20,000 May 24 calls at 30 cents.