AOL Option Action Interesting On An Otherwise Dull Expiration
AOL
announced second-quarter results yesterday that were up nicely, but revenues were
up only 3% in the second quarter as opposed to 9% in the first. However, you may
note that the put options are seeing some active turnover. Nearly 20,000 October
40 — 50 put spreads have traded for $4.80 ($7.20 for the October 50 puts vs.
$2.40 for the October 40 puts.) Morgan buys the put spread on the PHLX. Yesterday
Goldman Sachs sold nearly 40,000 October 35 puts, so we’ve got GS betting on a
bottom being put in for AOL and MWD saying maybe not. I’ve gotta stick with
the money, so I’ve been building a long position along with GS.
BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating) is also getting some
interest on the put side, as 20,000 September 22 1/2 puts were purchased for
between $3.90 and $4.30 and a like number of December 15 puts were sold for
$1.80.
|
Symbol
|
Call
Volume
|
Put
Volume
|
$W
Call Vol
|
$W
Put Vol
|
| AOL
|
18,792
|
41,718
|
61,793
|
183,222
|
| BEAS
|
2,048
|
14,893
|
3,161
|
79,913
|
| INTC
|
19,506
|
33,964
|
32,220
|
56,566
|
| EMC
|
3,818
|
6,902
|
5,921
|
34,260
|
(1010WallStreet.com has licensed
the use of Hamzei Analytics proprietary options analytics)
Bullish
action in Bank America
(
BAC |
Quote |
Chart |
News |
PowerRating) following on the heels of its earnings announcement.
Amgen
(
AMGN |
Quote |
Chart |
News |
PowerRating) is ticking up and picking up action in its call options,
particularly the LEAPS, where some accumulation in the 60 strike LEAPs has
caught our eye.
|
Symbol
|
Call
Volume
|
Put
Volume
|
$W
Call Vol
|
$W
Put Vol
|
| BAC
|
8,607
|
853
|
51,509
|
553
|
| SUNW
|
36,706
|
10,267
|
40,676
|
14,866
|
| T
|
31,571
|
595
|
37,647
|
711
|
| AMGN
|
6,722
|
3,478
|
24,774
|
8,700
|
(1010WallStreet.com has licensed
the use of Hamzei Analytics proprietary options analytics)