Unusual options trading activity: calls jump higher in LNG, call spread traders hitting the exits in SUNE and aggressive call roller in EMC.
Calls Roll In LNG- Calls Jump Higher
Shares of Cheniere Energy, Inc. (LNG) are trading 83.61 down .21 today. LNG is near the top of the 52 week range. Paper traded 13000 LNG Oct 80/85 call spreads around 2.50.
- The ADV is 16182.
- The OI is 20236 and 2288.
The volume went up in many midsize blocks. The owner of the calls looks like they are rolling up to the 85 strike. What is important is that the customer is staying in the same month and is not rolling out so they think the trade is going to be within the Oct time frame. The customer probably has more to roll up.
- IV 30 is trading for 33.
- HV10 is trading for 22.
- IV 30 is trading over the HV 10.
Cheniere Energy, Inc. (Cheniere) is engaged in liquid natural gas LNG-related businesses. The Company owns and operates the Sabine Pass LNG terminal in Louisiana through its 59.5% ownership interest in and management agreements with Cheniere Energy Partners, L.P.
Calls trade in SUNE- Call Spread Traders Hitting The Exits
Shares of Sunedison Inc. (SUNE) are down .28 to 21.41 today. SUNE is in the middle of the 52 week range. Paper traded 6000 SUNE Jan 25/30 call spreads at .85.
- The ADV is 30942.
- The OI is 16210 and 15685 contracts.
The volume went up in 2 blocks marked spread. This looks like a big piece of sell to close volume with roughly half as much spread available to close. The run in SUNE from the low 18s to here is looking played out in this customers opinion but still with some to close.
- IV 30 is trading for 48.
- HV10 is trading for 16.
- IV 30 is trading over the HV 10.
SunEdison Inc, formerly MEMC Electronic Materials, Inc., incorporated on October 1, 1984, is engaged in the development, manufacture and sale of silicon wafers. The Company is a developer and seller of photovoltaic energy solutions. Through Solar Materials and Solar Energy (SunEdison), it is a developer of solar energy projects.
Calls trade in EMC- Aggressive Call Roller In EMC
Shares of EMC Corp. (EMC) are up .01 to 29.29 today. EMC is near the top of the 52 week range. Paper traded 7500 EMC Sep 30/Oct 31 call spread for .08.
- The ADV is 18033.
- The OI is 15734 and 9018 contracts.
The volume went up in 2 blocks marked spread. The call buy in Oct went up through the offer with Sep hitting the bid. This diagonal spread is more likely a close in Sep with the trader buying some more time in Oct. Check the OI on this for confirmation but this is a trade that is waiting for more upside.
- IV 30 is trading for 18.5.
- HV10 is trading for 10.
- IV 30 is trading over the HV 10.
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry?s range of information infrastructure and virtual infrastructure technologies, solutions and services. EMC enables businesses and service providers to transform their operations and deliver IT as a service.