Unusual Options Activity
Bullish Call Activity:
- WFT Jan 4 calls are seeing interest with the underlying stock down 16% following Friday's close of U.S. Hydraulic Fracturing business (volume: 7750, open int: 52.0K, implied vol: ~62%, prev day implied vol: 47%) -- we noted activity in the Jan 4 calls last month (. Co is confirmed to report earnings February 2 before the open.
- FL Feb 55 calls (volume: 1220, open int: 10, implied vol: ~37%, prev day implied vol: 34%) -- co is confirmed to report earnings on March 2 before the open.
- FOXA Weekly Jan05 35.5 calls (volume: 2960, open int: 90, implied vol: ~31%, prev day implied vol: 3%) -- co is expected to report earnings early February. Disney transaction expected to close by June 30, 2018.
Bearish Put Activity:
- KO Jan 46 puts (volume: 1860, open int: 280, implied vol: ~11%, prev day implied vol: 9%) -- Over 1300 contracts traded in a single transaction. Co is confirmed to report earnings on Feb 13 before the open.
- URBN Jan 35 puts (volume: 2770, open int: 240, implied vol: ~37%, prev day implied vol: 36%) -- Co is scheduled to present at ICR Conference on January 8th. Company typically reports holiday sales first week of January. Co is expected to report earnings in early March.
Sentiment: The CBOE Put/Call ratio is currently: 1.11... VIX: (9.90, -1.14, -10.3%).
January 19 is options expiration -- the last day to trade January equity options.