Mid-Day Flow Summary: NFLX, BRCM & QCOM
Netflix (NFLX)
Buyers in short dated NFLX calls are at it again this morning as the options are trading 6 times the average daily volume. Yesterdayís activity was about 29 times the average daily volume after rumors that Amazon might be interested in the company.
The stock is up again today another $1.80. Open interest has grown in short dated options from the previous day with the trend continuing today.
ADVERTISEMENT Buyers in short dated NFLX calls are at it again this morning as the options are trading 6 times the average daily volume. Yesterdayís activity was about 29 times the average daily volume after rumors that Amazon might be interested in the company.
The stock is up again today another $1.80. Open interest has grown in short dated options from the previous day with the trend continuing today.
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Broadcom Corp (BRCM)
A multi market sweep order was executed at around 10:20am. A total of 9,851 June 32.5 calls were purchased.
The buyer was most likely looking for some favorable results for Broadcom in the wireless patent case against Qualcomm.
Qualcomm Inc (QCOM)
A large trade in the June 45 calls went through at around 10:00am. The buyer paid $.30 for 20,000 contracts tied to stock at $41.94.
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About Ellen Spiro
Ellen Spiro brings nearly 20 years market experience to her position as Vice President of Sales & Marketing of Trade Alert, LLC. Her background includes Fixed Income Derivatives trading at Deutsche Bank and starting up a similar desk at West Deutsche Landesbank as well as securities industry consulting for Coopers & Lybrand. Her current role puts her in direct contact with many of the largest participants in the equity derivatives field.
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