Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading:
1. BBBY – reported disappointing fiscal Q4 results on April 8th and the stock declined 5.
1. COH – total options volume ran 5x average daily with puts making up 80% of the volume, specifically May puts. When the stock was $
3. FXI – with the Chinese equity etf up 24% on the year, consolidating recent gains after its explosive breakout, call activity ran hot yesterday, almost 3x that of puts. When the etf was $51.50 right before the close, there as a buyer of 10,000 of the June 60/64 call spreads, paying 22 cents to open. This trade breaks even at $60.22, up 17%, with a max gain of 3.78 at $64 or above, up 24%, at levels not seen since 2007: