1.TTM Technologies (TTMI)- 5,000 June 2017 $17.50 calls were bought for $0.65 vs total call open interest of just 1,663 contracts (implied volatility +11.3% to 46.99). On average, 65 calls trade per day in the $1.4B semiconductor company.
2.Ocean RIG UDW (ORIG)- 5,000 Dec $2 puts were bought for $0.15 with put activity 30 times the average daily volume. Earnings are due out on December 14th (shares dropped on the last 2 reports).
3. ILG, Inc. (ILG)- There was a rollout from 10,000 Mar 2017 $17 puts ($0.33-$0.36 debit) into 10,000 Jan 2019 $17 puts ($1.58-$1.61 credit). This trader is making a long-term bet that the leisure and travel company will remain above $17 by January 2019 options expiration.
4. Hain Celestial (HAIN)- There was a rollout from 3,000 Dec $40 calls ($0.45-$0.46 credit) into 3,000 Jan 2017 $42.50 calls ($0.80 debit). On December 7th, the company announced a slew of executive appointments, including a new COO.
5. Xilinx (XLNX)- There was a rollout from 1,500 Jan 20 2017 $55 calls ($2.59-$2.60 credit) into 1,500 Mar 2017 $60 calls ($1.78-$1.79 debit). Recently there have been rumors of a possible takeover from the likes of Texas Instruments (TXN). Looking at the technicals, shares have been able to sustain a move above the $54-$55 level unlike on previous attempts.
6. Salesforce.com (CRM)- There was a rollout from 5,000 Dec 16 $68.50 puts (credit $0.34-$0.40 credit) into 5,000 Jan 20 2017 $67.50 puts ($1.49-$1.55 debit).
7. Lowe’s (LOW)- There was a likely rollout from 4,000 Dec 16 2016 $70 calls ($4.62-$4.66 credit) into 4,000 Jan 20 2017 $75 calls ($1.79-$1.86 debit). Open interest in the $75 calls was 6,699 contracts. On December 8th, RBC Capital Markets upped their price target to $83 from $75.
8. Dick’s Sporting Goods (DKS)- Over 14,000 Mar 2017 $48 puts traded with the majority bought for $0.90-$1.00. Put activity was nearly 18x the average daily volume as implied volatility spike 11.6% to 28.90. Equities in the retail space were noticeably underperformers today with the XRT (retail ETF) down 1.77% vs a relatively flat session in the overall market.
9. BP p.l.c. (BP)- 3,000 Jan 20 2017 $38 calls were bought for $0.47-$0.48, against open interest of 37,363 contracts. Twice as many calls traded in today’s session than puts. The stock recently broke above the $36 resistance level.
10. Dean Foods (DF)- More than 3,500 Jan 20 2017 $22 calls traded with the majority bought for $0.35-$0.40. Call activity was nearly 14x the average daily volume. Last week, shares closed above the February high of $20.76.
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