It was all just a bad dream. Waking up this morning, following weeks of ominous headlines about a stock market crash in China, the end of the EuroZone as we knew it, the first quarterly …
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Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1.UAL – when stock was 61.18 a trader paid 5 cents for 10,000 of the May 95 calls to open. Break-even is …
Continue readingHere is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was June 16th – June 20th:
Continue readingCSCO – stock got drilled today, down nearly 11% on what amounted to disastrous revenue guidance for the current quarter, below the 4% yoy consensus for growth to down 8-10%. Options activity was …
Continue readingBAC – A trader sold 125,000 Jan2015 $17 calls at .79 to close, vs the trader buying 4,125,000 shares for 14.45. Open interest in the strike is 194,000. EWJ – The Japanese ETF saw …
Continue readingINTC – saw heavy call activity today as it appeared there closing buyers of upside calls. These could have been long holders who had overwritten the stock. Shortly after 11am, a trader bought …
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