Calendar Q3 earnings season kicks off tomorrow with Alcoa (AA) scheduled to report earnings after the market close. With shares of AA trading around $10, the weekly options straddle could be purchased for $0.73, representing a ~7% move for the week.
Notable weekly options flow today includes buyers of over 3k Hewlett Packard (HPQ) Oct 26 calls for $0.58 and buyers of over 10k Oct 12 puts in...