The company traded over 14,000 options on total daily average option volume of just 4,102. 12,000 of those contracts traded in September; it looks like a September 5/7 strangle 2×1 purchase (buy 1 call x buy 2 puts).
Frenzied Options Activity Observed On Transocean Ahead Of Earnings – Featured Tickers: RIG & BKS
Options Intelligence Report for The Gap, Inc. (GPS) and Hartford Financial Services Group, Inc. (HIG)
Implied volatility movers and unusual volume movers for midday 8/4
The ETF traded over 113,000 options on total daily average option volume of just 23,164. The largest trades were closing call spreads in Aug and a huge open long in Jan '11 17.5 calls.
Strangle Seller Sees Range-Bound Shares At Cemex – Featured Tickers: CX & GENZ
Options Intelligence Report for Encore Energy Partners, LP (ENP) and Procter & Gamble Co. (PG)
CBOE's Brodsky Comments on Dodd-Frank Bill
A roundup of activity in the futures market – Follow the Leader
Pfizer Inc. (NYSE: PFE) is seeing a very early expiration roll so far in August, right ahead of earnings. The stock is generally one of the less volatile out there. The pharmaceutical giant is a member of the Dow Jones Industrial Average and is a well-known global brand. After the Wyeth acquisition it became even larger. The stock has been bound since the end of 2008 in a $15.00 to $20.00 price range, except during the peak of the selling (and immediate aftermath) of early 2009.
Mark is joined by Alan Shapiro, Founder & Chairman of the Transaction Auditing Group (TAG). Mark and Alan discuss the ongoing quest for "best execution" in the options market. They also discuss the growing fixation on execution quality in the retail options world. Finally, they debate the impact of the penny pilot on overall execution quality in the options market.
Unusual options activity review for Tuesday, August 3, 2010