The company traded over 10,000 puts in the first hour on total daily average put volume of just 501. The call:put ratio is 1:165 with essentially all of the volume in the July 30 puts.
Legg Mason (LM) – Delta Buyer on Volatility Sale into Summer and Stock Repurchase
The company traded over 20,500 options in the first hour on total daily average option volume of just 3,208. The largest trade accounts for 20,000 options.
American Axle (AXL) – Skew Kink on Takeover Order Flow
The company traded over 9,000 options in the first hour on total daily average option volume of just 2,223. All but 259 contracts have been calls for 34:1 call:put ratio.
CB Richard Ellis (CBG) – Calendar Risk Reversal & What!?
The company traded over 45,000 (not a typo) options on total daily average option volume of just 1,452, and over 38,000 September 17.5 calls have traded.
VeriSign (VRSN) – Taking a Stand on Short Volatility
The company traded over 30,000 options in the first hour on total daily average option volume of just 5,689. The largest trade has been a volatility sale (strangle) in September.
Ventas (VTR) – June Volatility Seller on Range Bound Stock
Two types of trades are jockeying for position recently:(1) Volatility buyers: Those anticipating a strong market move (probably down) in the near term.(2) Volatility Sellers: Those taking advantage of what seems like high volatility (VIX is in the 30's) to scalp some premium in the normally quiet summer months.
The European Crisis Explained and Currency Option Trading
In this article, I examine five currency pairs (Euro, British Pound, Canadian Dollar, Australian Dollar and the Yen to the USD) and discuss the Greek (and rest of Europe) financial trouble in the context of background and trading/hedging opportunities.
Invesco (IVZ) – Volatility Buyer into October
On Friday, the company traded over 5,000 options in the first hour on total daily average option volume of just 903.
Campbell Soup (CPB) – Volatility Pattern and Order Flow
On Friday, the company traded over 3,100 options in the first two hours on total daily average option volume of just 583.
Holly Corp. (HOC) – Unusual Call and Put Action on Skew and Delta (Takeover?)
The company traded nearly 5,000 options on total daily average option volume of just 1,013. All but 3 (not a typo) contracts were calls.
Fidelity National Information (FIS) – Volatility Bets on Takeover News
Usually takeover news lowers volatility, takeover rumors raise volatility. Since this story has a specific buyer – it's more news than rumor. Either way, volatility exploded.
Cardinal Health (CAH) – Put Accumulator on Spiking Volatility
The company traded over 12,000 options in the first hour on total daily average option volume of just 949. All but 1,908 contracts have been puts for a 1:5 call:put ratio.
