In today?s first round of unusual options activity, we have some bizarre volume in AEO, going up and out in MU, and newsletter buyers in JRJC.
Calls trade in AEO- strange volume in the ATM calls in AEO
Shares of American Eagle Outfitters (AEO) are up .30 to 11.44 today.? AEO is near the bottom of the 52 week range.
Today paper traded 25049 AEO Sep 12 calls for .40. ?
- ADV is 5,479 contracts.?
- OI is 36,991 contracts.
Volume went up in one giant block.? The calls went up taking the offer at the time.? With the stock up the calls are still offered at .40.? This could be a dedicated seller staying on the offer with an opportunistic buyer going into earnings.? The IV is down 5 points in the near term.? There was considerable buying on the 13 strike as well.
- 30-day implied volatility is 50%.??
- 10-day implied volatility is 36%.?
- 30-day implied volatility is trading above the 10-day realized volatility.
American Eagle Outfitters, Inc. (AEO, Inc) is a specialty retailer that operates in the United States and Canada, and online at ae.com. AEO, Inc operates under the American Eagle (AE), aerie by American Eagle (aerie), and 77kids by american eagle (77kids) brands.?
Calls roll in MU- A long call holder appears to be rolling up and out
Shares of Micron Tech. Inc. (MU) are trading up .49 to 32.53 today.? MU is near the upper of the 52 week range.
Today paper traded 5000 MU Sep 31/Oct 33 call spread for a .32 credit. ?
- ADV is 114,000 contracts.?
- OI is 23,507 in Sep and 10,480 in Oct.
Volume went up in two blocks both on the PHLX.? The trades looked closing in Sep and rolling out to a new position in Oct.? MU just made a power move up so the roll makes some sense to close and roll a winner.? There should be more volume of a similar nature coming.
- 30-day implied volatility is 31%.??
- 10-day implied volatility is 30%.?
- 30 day implied volatility is trading above the 10-day realized volatility
Micron Technology, Inc., is a global manufacturer and marketer of semiconductor devices, principally NAND Flash, DRAM and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products. In addition, the Company manufactures semiconductor components for CMOS images sensors and other semiconductor products.
Call buyers jump in for JRJC- could be ITM newsletter buyers
Shares of China Finance Online (JRJC) are up 1.02 to 8.86 today. ?JRJC is making a 52 week high.
Today paper traded 500 JRJC Sep 9 calls for 3.40.?
- ADV is 408 contracts.?
- OI is 61 contracts.
Volume went up in 5 blocks of 100 contracts each.? There volume is up big today with IV up 4 points or more in each month.? There is heavy call buying in the at- and out-of-the-money calls.? Buyers are looking for higher prices and these call buyers are slightly underwater right now with over 1102 trading so far on the day.
- 30-day implied volatility is 138%.??
- 10-day implied volatility is 283%.?
- 30-day implied volatility is trading below the 10-day realized volatility
China Finance Online Co. Limited (CFO Hong Kong) is a provider of vertically integrated financial services, including news, data, analytics and brokerage through Web portals, software systems and mobile handsets.