A couple large trades in financials dominated volume on a quiet day.
- XLF – Someone bought the Apr 16 / 14 put spread for 0.275, 95k times, spending close to 3 million dollars in premium for that 3 month protection.
- BAC – Customer sold the BAC Feb 10 / 12 call spread at 1.53, 32,600 times to close. Likely someone with a nice winner on their hands taking profits.
- VIX – Relatively active on an otherwise quiet day. The Feb 17 / 20 call spread was the most active, trading nearly 40k times this morning, around 0.60.
- MT – The Jan14 20 calls traded 25k at 1.48, could have been a seller based on existing open interest.
- FB – The stock pulled back from 6 month highs, and the Mar 24 puts were the most active line, trading over 13k on the day.
- QCOM – The Jan / Apr 65 call calendar traded 7500 times, which could be someone rolling out their long premium. Earnings report on Jan 30th.
- TIF – Early in the morning, someone sold 7300 of the May 65 calls, likely paired with a long stock position.
- HPQ – Also early in the morning, someone sold more than 10k of the May 14 puts, unclear if it was to open or close.
- EEM – Someone paid 0.80 for the June 42 / 38 put spread, 18,851 times. Likely again protection buying to lock in gains.
- AAPL – Call to put ratio around 1.4, though on very light volume for AAPL options. The weekly 530 and 525 calls were the most active lines.