Archive for the ‘Options’ Category

Amazon Sees Black Friday Options Spike (AMZN) Inc. (NASDAQ: AMZN) is up on its own today, but the stock is seeing very elevated trading activity in its weekly options which expire this Friday.  The trade is an obvious bet on strong Thanksgiving Day and Black Friday sales figures being sent through the sites.  An unofficial 4:00 PM EST close of [...]

Big VIX Option Trading… Volatility Looming? (VIX)

Out of the money calls are often a Hail Mary, and out of the money calls on the volatility index  is a derivatives bet on top of a derivative bet that the markets could head south or that wild price fluctuations will be seen. The stahndout options trade today is hard to judge so we [...]

EA Sees Large Option, Exit Likely (ERTS)

Electronic Arts Inc. (NASDAQ: ERTS) has what appeared to be extremely unusual options trading volume on the surface.  It may just be a close-out trade.  An options screen showed that the JAN-2011 $20 CALLS showed a whopping 75,877 contracts traded ay 12:15 PM EST, the equivalent of more than 7.5 million shares on a fully [...]

Options Bets… $157 on in 90 days? (CRM)

Last week at 24/7 Wall St. we noted how the analyst pack was chasing (NYSE: CRM) with higher and higher price targets despite many formal ratings being cautious to neutral.  What is interesting is that options traders are stepping in and making serious upside exposure bets to the same stock with out of the [...]

Apple Options Tug of War: Expiration vs. 48-Hour Expiration

Apple Inc. (NASDAQ: AAPL) is in the same boat as all other companies when it comes to options expiration happening this Friday.  By the look of the trading patterns, we are seeing a balance of options roll-dates happening with those who are making the short-dated speculative options expiration trades.  The action is in the $300 [...]

Option Spike Alert in Microchip Tech (MCHP)

Someone is betting on more M&A activity in the options market.  Microchip Technology Inc. (NASDAQ: MCHP) has traded 9,377 contracts of the NOV10 $34 CALLS today.  The whole open interest was only 9,170 contracts.  While far smaller, even the $35 CALLS saw 560 contracts trade versus an open interest of only 612 contracts. If you [...]

Weekend Review Finds 7 Unusual Options Trades (HGSI, GMCR, GENZ, SPWRA, ED, LOW, STX)

A Friday afternoon and Saturday morning review of options trading often reveals some unusual patterns not always recognized during the trading day.  After looking through all of the options trading, we found very unusual options trading in Human Genome Sciences Inc. (NYSE: HGSI), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Genzyme Corporation (NASDAQ: GENZ), SunPower [...]

Major Price-Volume Alert in SIGA (SIGA)

SIGA Technologies, Inc. (NASDAQ: SIGA) is getting crushed this morning after the Small Business Administration ruled that SIGA was “other than small”  after the U.S. Department of Health and Human Services (HHS) had announced its intention to award SIGA a contract with HHS to deliver 1.7 million courses of its smallpox antiviral for the Strategic [...]

Weekend Options Review: Citi’s Explosive Options (C)

Taking a step back and reviewing options trading patterns on the weekends can bring some attention that is not usually seen during each tick of the trading day.  Citigroup, Inc. (NYSE: C) may still be a stock which could double from earlier prices, but the options trading was through the roof on Friday.  It looks [...]

Rackspace Stock/Volume Alerts (RAX)

Whenever there is one merger in tech, it seems that everyone jumps right back to the cloud for M&A targets.  Despite the issue that Rackspace Hosting, Inc. (NYSE: RAX) management has gone as far as saying it will stay independent when asked about it being a possible M&A candidate, shares are up and options and [...]