Unusual Option Action

Monday’s Unusual Option Recap

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With stocks falling put options scored some significant moves today.

$TSLA's 4% drop led to over 200%+ moves in the weekly options.    $SSYS's continuation of last weeks rally saw some of its weekly strikes move over 300% higher.

Earning reports throughout the week should see some stock options go off the chain, as we saw with $GOOGL, $AMZN, and $NFLX options, while others will see their prices drop to $0.00.

$TWTR reports earnings tomorrow after the bell.  The market is expecting an over $4 move.  I am in some calls for a move higher tomorrow, in spite of the action we saw after its last report.  $FB reports later this week and saw some nice action today with call volume heating up all the way to the $135 price level.  Those $135 $FB calls are a mere $.03 on the ask.... to think those $GOOGL $600 calls a few weeks ago were only $.10 before hitting $102.96 after it's earnings report.

Here is some of today's unusual option activity log:

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Today’s Unusual Recap – Thursday 6-4-15

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Today was the first trading session of the week where the market didn't obey the rules.   Instead of closing smack in the middle of the daily range, the $SPY closed sharply lower.  But in 2015 fashion the market was able to spike higher into the close to finish OTL -off the lows.

There were quite a few option trades that had my attention today.  I shared most of them in the News portion of the chat room.  I'll go over them as well as others that have piqued my interest below.  During market hours I post them right as they occur outside of the main chatroom to keep it clean and it also helps keep a nice record of the data.  Some of the bigger, more important trades I post in both chatrooms.

The VIX

As the VIX rockets out of "The Wedge"  trader(s) position for increased volatility.  How bout them VIX June and July 20's?

For the WYNN

How bout them $WYNN calls?  Quite a few in the chat room had them from pennies to dollars.  The $107 strike was $.05 offer all week and soared to $2.74 today.

Let's get into today's option action....  Some individual names.  Bullish action first

Bullish

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Wednesday’s Unusual Recap – Options, Commentary, Smiles, Tears

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The tears of option joy.  Positioning for a move to occur via out of the money stock options, and then watching that move come to fruition right before your very eyes.  $FEYE continues to impress in 2015, and after the bell a collaboration with Visa has the stock up near the $50 level.  A price I thought it would hit this spring when I was writing my 2015 stocks to watch.

One chart I wake up in the middle of the night to drool over - $INTC.  This head and shoulders pattern continues to develop.  I've been watching it for a few weeks and finally made the move Friday getting the July $33 puts for $.61 a $.10 discount to what I was willing to pay.  I was able to use my wife's $BBBY 20% coupon on this option.

Bounce if you must $INTC but I'm riding you to the promised land.  Oh man.  That H&S formation....   It's going to take another 5 $ALTR acquisitions to avert it.   Or take a page from the $SINA handbook of stock price management and have executives scoop up a half a billion $$$ in shares.

 

The market faded early gains and was able to muster another 'middle of the pack' type close.  Stocks weren't too high or too low when the bell range.. they were just right.

Let's take a look at some of the unusual action we saw today in the option market.

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