Weekly Options Midday Update & Analysis
Earnings season continues in earnest tonight with quarterly reports from AXP, EBAY, LRCX, RVBD, and WYNN scheduled for after the close. Earnings related options flow continues to dominate trading activity, but a few non-earnings related weekly options trades have piqued my interest heading into expiration Friday. Of note we’ve seen: 4k Oct 12 puts sold in biopharma company Pharmacyclics (PCYC), buyers of Oct 45 and 42.5 strike puts in Agnico Eagle Mines (AEM), and what looks to be front month call buying in Whiting Petroleum (WLL).
For more details check out the midday trading update courtesy of our friends at Marketclub:
Similar Posts:
Related Posts
Buy Protection When You Can, Not When You Need To…
With major US indices approaching multi-year highs and volatility, as represented by the VIX, seemingly heading towards the 15-level we decided to look for opportunities to purchase cheap protection in...
Featured in the Wall Street Journal Regarding Facebook Options
The Wall Street Journal ran a timely piece on Facebook heading into several lockup expirations over the coming weeks. We were seeing increased options activity, primarily downside put spread buyers in...