15minoffame
131 posts
msg #139845
- Ignore 15minoffame |
12/5/2017 9:38:00 PM
Spotlight Trade of the Day!
An investor thinks something wicked this way comes as they bought $10 million in QQQ premiums of the 6/15/18 134 Puts at $2.57. This is one of the largest straight up options trades I've seen. Break even is $131.43 so QQQ needs to drop 13.99% from now until expiration. If true, bulls will not be enjoying the Year of the Dog.
Remaining 4 big options plays today:
Legend: Premium, Symbol, Contracts, Expiration Date/Strike/Type, Trade Price
1) $2,608,900, QQQ, 2752, 9/21/18 154 Put, $9.48
2) $2,250,000, XRT, 22,500, 12/29/17 44 Call, $1.00
3) $1,732,730, SPY, 2775, 2/16/18 265 Put, $4.59
4) $1,499,400, XLF, 35,700, 12/29/17 28 Call, $0.42
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tennisplayer2
210 posts
msg #139846
- Ignore tennisplayer2
modified |
12/5/2017 10:25:57 PM
15minoffame, where do you see the big trades on market chameleon? Thanks.
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15minoffame
131 posts
msg #139847
- Ignore 15minoffame |
12/5/2017 11:16:04 PM
It's under the tab "Screeners" at the top menu line, then "Option Trades." My personal preference for the filter categories: Trade Filter (Over 500), Trade Price (Over .25), Stock Type (Common), Side (Ask & Above). To be on the safe side that these are open positions choose Trade Qty vs Open Int (Qty > OI). Choosing this will drop the results dramatically BUT the probabilities are much higher since this is a new open position.
HTH
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tennisplayer2
210 posts
msg #139851
- Ignore tennisplayer2 |
12/6/2017 1:55:04 AM
15minoffame, thanks.
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mahkoh
1,065 posts
msg #139872
- Ignore mahkoh |
12/6/2017 6:01:55 PM
Thanks, I like the site. I filtered over 500, price over 0.50, spot above 40, buys on the ask and condition regular. GM and WMT are likely dividend related trades, but I find MU and INTC interesting.
Lots of calls bought for MU, which appears to be at support.
Big put activity for INTC, may have a gap to fill? Also notable 25K put options jan19 47 strike. Current oi is 27K, tomorrow it will become clear whether these were closing of current position.
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15minoffame
131 posts
msg #139876
- Ignore 15minoffame |
12/6/2017 10:53:26 PM
Mahkoh,
Glad you like the site. This is THE site I check throughout the day. It gives so much info for free! Hopefully the creators don't realize this & cut it down. You may want to also look under Auto Execution, IntermarketSweep & Stopped IM.
MU is a beast of a stock and you're right it's at support so big players are backing up the truck. It reports earnings in 2 weeks so IV should start to rise. Its historical two weeks run up to earnings over the past 2 years is a 75% winning rate with an avg gain of 4.05%. Its TOTAL Calls vs Puts volume today is 73%-27%.
INTC massive $9 million bet it interesting since it's at the Mid. Its Total Calls vs Puts volume today was only 43-57 so for today anyways, investors are thinking it's going to fill the gap from 10/26. I'd stay away from it for the time being.
Here's what I would look at:
1) GM relative volume to its 90-day avg was 8X today with total Calls pct at 98%!
2) WMT rel vol 5.50, Calls pct 97%
3) CME 12.42 & 96%
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mahkoh
1,065 posts
msg #139878
- Ignore mahkoh |
12/7/2017 4:32:34 AM
Those are going ex dividend today. Most likely exercised calls to capture the dividend.
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mahkoh
1,065 posts
msg #139905
- Ignore mahkoh
modified |
12/7/2017 3:50:26 PM
Funny, INTC call open interest on the jan19 47 put is still 27K. I guess IB updates open interest changes in real time.
By the way, both performed according to the analysis. Great that marketchameleon updates intraday.
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15minoffame
131 posts
msg #139914
- Ignore 15minoffame |
12/7/2017 11:05:27 PM
Spotlight Big Options Volume Trade of the Day!
AAPL has one of the most liquid options stocks and a million dollar bet occurs pretty frequently. Still, it doesn't hurt to take notice when an investor spends $400K on a weekly bet. This was a purchase of 2000 contracts of the 12/15 170 Call at $2.00 per contract. Break even is $172. Stock closed at $169.32 so it needs to gain a minimum of 1.78%, a very doable feat for AAPL.
Chart shows it has gone sideways for the past 7 trading days and the Calls vs Puts volume at this strike today was 28K-8K. Its overall options Calls vs Puts volume was 64%-36%. I would like to see a minimum of 70%, but I've been pretty successful in previous AAPL piggy back trades.
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mahkoh
1,065 posts
msg #139936
- Ignore mahkoh |
12/8/2017 2:08:55 PM
LKQ 3000 march35 calls bought ($1.68 million)
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