Unusual Options Activity
Bullish Call Activity:Bearish Put Activity:
- NAT Jul 10 calls are seeing interest with relative strength in the underlying stock -- along with select shipping names following oil export news (volume: 4300, open int: 2870, implied vol: ~37%, prev day implied vol: 30%) -- co is expected to report earnings in Aug.
- MAN Jul 85 calls (volume: 3460, open int: 340, implied vol: ~22%, prev day implied vol: 19%) -- co is expected to report earnings mid July, possibly falling outside the July expirations cycle.
- BUD Sep 125 calls (volume: 12.5K, open int: 270, implied vol: ~21%, prev day implied vol: 19%) -- 7K contracts traded in single transaction above the offer. Co is confirmed to report earnings July 31 before the open.
- NEE Aug 105 calls (volume: 6530, open int: 3330, implied vol: ~18%, prev day implied vol: 17%) --nearly 5K traded at 1.15 with a 1.05/1.20 spread. CNBC discussed unusual options activity last week on June 19. Co is expected to report earnings late July.
Sentiment: The CBOE Put/Call ratio is currently: 0.78... VIX: (11.57, -0.56, -4.6%).
- CVRR Jul 25 puts are seeing interest with weakness in the underlying stock -- along with other refining related names -- and following offering news (volume: 2410, open int: 200, implied vol: ~25%, prev day implied vol: 20%) -- co is expected to report earnings late July.
- BGC Aug 25/26 puts are seeing interest. The BGC Aug 26 puts (volume: 3560, open int: 130, implied vol: ~40%, prev day implied vol: 36%) and the BGC Aug 25 puts (volume: 1450, open int: 240, implied vol: ~38%, prev day implied vol: 37%)
- HCA puts are seeing interest by nearly 3:1. Most notable volume is in the HCA Jan15 57.5 puts (volume: 7510, open int: 10, implied vol: ~23%, prev day implied vol: 22%) -- nearly all of the volume in the Jan15 57.5 puts occurred in single transaction.
July 18 is options expiration -- the last day to trade July equity options.