Unusual Activity | The Options Insider

Big Roll Up In SGMS

Shares of Scientific Games Corp. (SGMS) are up .02 to 8.98 today

Shares of Frontier Communications Corp (FTR) are up .15 to 5.62 today.

1500 MCHP Apr 43 calls over Apr 46/50 call spreads went up in several blocks on the PHLX

9250 ITUB Sep 6 calls over Sep 5 puts went up in several blocks on the PHLX marked spread.

2250 WES Mar 35 calls over 2250 each of the Aug 40 and 45 calls went up several blocks marked spread on the PHLX.

4600/9200 SIG Mar 115/120 call ratio spreads went up in several blocks on the CBOE

1920 ENB Mar 37.5 calls went up in 1 block on the PHLX.

695 SCHW Sep 28 calls went up in 1 block on the PHLX.

This is likely a hedge set up against a long stock position in THC, as the customer is hedged in THC down to $13 per share.

The trader is essentially pocketing the credit and making a bet that XME will keep moving higher.

Paper closed NRF March 16 calls & sold April 14 calls 16,903 times for a net credit of .55.

12000/12000 CY Sep 10 calls over Sep 6 puts went up in several blocks on the PHLX