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Axon Enterprises (AAXN) shares jumping this afternoon with 2,000 August $25 calls bought for $1.25 up to $1.50.

Rio Tinto (RIO) large stock replacement sells 5,000 October $47.5 ITM puts to open $4.30 at the PHLX, popular strategy in the name latelyfor $1.25 up to $1.50.

Visa (V) with buyers of more than 6,000 August $97.50 calls today up to $1.83 ahead of 7/20 earnings, spot where 5,000 were bought on 6/2 and remain in open interest

Uniti Group (UNIT) buyer of 1,000 February $25 puts for $2.20 today on the AMEX, shares bouncing back into the declining 200-MA this week

July 13, 2017

S&P Global (SPGI) buyer of 3,000 February 2018 $160 calls for $4.40 on the AMEX and name which already has significant call open interest in August and November. SPGI shares are coiled in a bull flag under new highs and report earnings on 7/27

Geniune Parts (GPC) with the August $82.50/$75 put spread bought for $1.60 against a sale of the $90 calls for $0.36, net debit for the spread of $1.24 opening 1,600X

Polaris (PII) with 1,500 July $85/$75 put spreads bought today for $0.95 ahead of 7/20 earnings, continuing to see bearish positioning in the name.

July 12, 2017

Zimmer Biomet (ZBH) with 1,250 August $120 puts sold to open today for $1.35 to $1.30 after news of CEO departure. Guggenheim positive noting the move indicates the company is willing to listen on a shift in strategy

Grupo Televisa (TV) opening sale of more than 13,000 August $25 puts for $0.25, a near-monthly strategy now in the same in 2017 and coming off a strong move earlier this week following earnings

Schlumberger (SLB) buyers of 2,000 Jan. 2019 $75 calls at $3.60 and also trading 1,000 June 2018 $70/$62.5 bull risk reversals for a net $1.05 credit

July 11, 2017

TE Connect (TEL) with 1,195 August $80 calls being bought to open this afternoon $1.90 to $2.05, still some size in July call OI as well with a long flag forming

Tiffany (TIF) with 2,500 August $87.50 puts sold to open for $1.35 on the PHLX, stock replacement and a retail name which has held up very well near new 2-year highs. Jana Partners with a recent stake and board seats.

Cornerstone On Demand (CSOD) now with 1,500 August $37.50 calls bought for $1.89 to open, rolling out of hte July call and name which was pushed to sell itself by activist Praesidium last Winter

July 10, 2017

Honeywell (HON) IV popping with 3,000 July $140 calls bought up to $0.34 to open, name which has been rumored to be an acquirer seeking a deal. HON 1100 Aug $140 calls also trading now. HON also with 1,000 December $135 calls opening today for $5.60, strong chart.

Intuit (INTU) with 500 January 2018 $140 calls bought today for $5.11 to $5.20, stock replacements with shares filling the recent earnings gap and back to cloud support. BAML recently raising their PO to $145 behind sterngth in small business which is creating a bigger TAM opportunity for the company

July 6, 2017

Caterpillar (CAT) buyer of 1,450 September $105 puts for $3.85 this afternoon to open and follows the Dcember $100 puts bought in the last half hour yesterday

Steel Dynamics (STLD) with 2,000 November $37 calls bought for $3.18 to $3.20 and follows 3,000 of the NOvember $34 calls bought last week

Nvidia (NVDA) with 1,000 October $125 puts sold to open today for $5.20 to $5.15 and follows 1,000 November $130 puts sold to open in stock replacements earlier

July 5, 2017

Potash (POT) opening sale of 3,600 December $16 puts at $0.91 into weakness today with shares forming a multi-week base, and over 43,000 September $17 short puts in OI

Tailored Brands (TLRD) with 10,000 Jan. 2018 $15/$20 call spreads bought for $0.70, a name with 20,000 November $12.50 calls in OI, but also with more than 30% of its float short

Tupperware (TUP) with a buyer of 1,500 August $70 puts for $3.00 to open today, earnings on 7/26 and shares back under the 50 MA last week

June 20, 2017

Amaya (AYA) shares pulling back the last few weeks to a nice base and seeing 1,300 Feb. 2018 $15 calls bought $3.70 to $3.80 to open today, trading 20X daily calls. The $2.6B provider of gaming and interactive entertainment has been eyeing acquisitions after completing deals for Pokerstars and Full Tilt Poker.

Owens Corning (OC) with 900 November $70 calls bought today for $2.00 to $2.20, upgraded this morning at Macquarie seeing better insulation pricing as of June 1st driven by tightening capacity

Netflix (NFLX) not bouncing back as much as other Tech names but seeing stock replacements open 1,000 December $160 calls today near $11.70

June 19, 2017

Affiliated Managers (AMG) with 2,000 July $155 puts being sold to open today for $0.70, fairly common strategy in the name and still has 2,500 July $140 and some smaller September $155 short puts in open interest

Marriott Vacations (VAC) spread sells the August $110 puts for $1.95 to buy the $130/$140 call spread for $3.30, net debit of $1.35 for 2,500 contracts. VAC reportedly has held talks with ILG recently about a potential merger

Dollar Tree (DLTR) working off the lows of the day and 10,000 July $72.50 calls bought to open for $1.15 to $1.20

June 16, 2017

Ross Stores (ROST) under more pressure with 2,750 November $55 puts opening $1.55, shares breaking support yesterday and continuing lower today. Follows sizable buyers of nearly 5,000 August $60 puts between 6/8 and 6/14

Kroger (KR) down 14.3% here on the AMZN/WFM deal news, but 10,000 October $25 calls step in to buy at $0.70

Teradyne (TER) with 2,500 October $35 calls bought for $1.65 to open today and still has over 10,000 of the OTM $39 calls in open interest, strong growth from their robotics unit last quarter

June 15, 2017

IPG Photonics (IPGP) with a large buy of 1,000 January $125 puts for $6.90 on the AMEX, strong name this year but movign under the 20-MA this week. IPGP has 10% of the float short and recently upticked from around 7.5% in late March.

RH (RH) near session lows and 2,000 June 30th (W) $56.50/$48 bull risk reversals open for $0.35 debit, strong bounce recently after cutting their outlook earlier this month.

Aetna (AET) with 1,000 July $155 calls opening today for $1.10 as the June $147 calls close and roll out, MSCO initiating with a Buy rating recently seeing gains driven by Medicare growth

June 13, 2017

Celanese (CE) a chemical name moving out of a base the past week seeing an unusual trade that bought 500 July $92.5 calls $1.65, 1,000 July $95 calls $0.97, and 1,000 September $97.5 calls at $1.46

Bloomin’ Brands (BLMN) shares dropping to the lows of the day earlier as 2,950 July $22.50 puts are bought to open up to $1.60

Medtronic (MDT) with over 2,250 July $87.50 calls opening today for $1.23 to $1.28 as the June $86.50 calls roll out and still with notable September upside calls in open interest

June 12, 2017

General Growth (GGP) strength continuing to start the week with a push above the 20 week EMA and seeing 3,850 October $25/$29 call spreads bought today, already with 22,000 Oct. $25 calls in OI and some size in July calls as well

Cutera (CUTR) strong today up 3.8% and seeing unusual action as more than 940 July $25 calls open up to $1.50 this aftenroon, 30-day IV up 40.4% as shares climb to new highs. The $332M medical equipment company trades 36X earnings and 2.66X sales with 18.7% Y/Y revenue growth in 2017 expected. The company is hosting an Analyst Day on Wednesday.

June 1, 2017

Cognizant Tech (CTSH) October $60 calls closing 5,000X that were bought on 3/22 as part of a risk reversal with short $52.50 puts 10K that are also closing, trader opens 10,000 October $67.50 calls for $3.35

Schwab (SCHW) with nearly 3,000 July $40 calls bought up to $1.40 today, strong today and Deutsche Bank out recently noting that the Fed tightening cycle is far more important to e-brokers than political uncertatinly

Eastman (EMN) strong today and seeing 1,470 July $85 calls open from $0.90 to $1.03, rolling from the June $82.50 calls with a nice weekly flag buiding under $82

May 30, 2017

Rice Energy (RICE) on the highs with over 7,500 June $19.50 puts sold to open from $0.35 to $0.30 ahead of Annual Shareholder meeting tomorrow

Delphi (DLPH) trading 1,050 November $87.50 calls $5.80 down to $5.50, though looks buyer initiated and likely adds to the 1,275 in OI, recently announced plans for a spin-off

Whiting Petro (WLL) large opening trade for 16,000 July $8 puts at $1.15, smaller Oil names struggling as prices remain under pressure. Goldman cut shares to Sell today expecting the company to disappoint on volume growth and deleveraging expectations.

May 23, 2017

Google (GOOG) with 1,000 September $1,000 calls bought today for $20.50 to $20.60 to open

American International (AIG) seeing 3,050 November $65 calls open today $1.59 to $1.60, buyer initiated, stock consolidating above $61, recently announced a new CEO

Dynegy (DYN) with 6,000 September $10 calls opening for $0.80 today as 4,000 of the June $7.50 calls close and roll out, follows bullish spreads the last two days with the company reportedly for sale. Dynegy (DYN) also seeing 1,100 July $7.50 calls bought to open for $1.50 to $1.60 as the company reportedly explores a sale

May 22, 2017

Signet (SIG) with over 1,250 October $65 calls bought from $3.90 to $4.30 today to open, although highly shorted name at 18% of the float and nearing new 1-year lows, earnings on Thursaday

Net-App (NTAP) IV climbing with 1,200 June $40 calls bought up to $1.64 this morning to open ahead of earnings on 5-24

Qorvo (QRVO) with 1,200 June $80 calls opening $2.00 to $2.20 today after recent buyers in the June $75 calls

May 12, 2017

Buffalo Wild Wings (BWLD) with 2,250 June $160 calls bought this afternoon to open from $2.60 to $2.65 and also 2,500 June $165 calls bought from $1.30 to $1.45, comes ahead of the June 2nd shareholder meeting where activist Marcato is pushing for representation

Pega Systems (PEGA) with 1,500 June $55 calls bought on the day from $1.80 in the morning and now trading $2.00 to $2.10 to open, shares strong yesterday after earnings

May 9, 2017

Newell Brands (NWL) sharp move higher on earnings this week and seeing 1,650 June $50 calls roll up to the $52.50 strike today which open at $1.05, clearing a big range which measures back to $55

Michael’s (MIK) with 3,000 June $22.50 puts bought today $1.45 to $1.50 to open, shares breaking an uptrend from the January lows today. MIK has over 10% of the float short and rising recently

May 5, 2017

Criteo (CRTO) opening buy of 2,193 July $55 calls $2.25 at the ISE, shares pulling back to retest the recent flag breakout

Nu Skin (NUS) with buyers of more than 4,400 September $55 puts for $4.70 to $5.05 today where 3,000 were bought to open on earlier this week. NUS also seeing 2,100 Jan. 2018 $60 calls open $3.90 at the ISE, appears to be opening sale

Methanex (MEOH) with 1,500 June $45 calls bought for $1.05 to $1.10 today into recent weakness, stock replacement in a strong trending name which has pulled back to the 38.2% fibonacci of the move from last Summer’s lows

May 1, 2017

Lyondell (LYB) aggressive buy of nearly 1,500 June $85 calls to open $1.75 offer with shares pulling back to long term trend support and breaking the 200 MA today. LYB with some short puts in the June $85 strike from a bull risk reversal on 2-21 and saw a January bull risk reversal bought last week, 4-24.

EQT Corp (EQT) opening sale of 4,000 June $55 puts for $1.05, shares thrashed after earnings last week and overall weak commodity environment, but a name sizable bullish OI in June, September and December

Wesco (WCC) with 1,000 June $65 calls opening $0.90 to $1.05 this afternoon into recent weakness. WCC recently upgraded at Raymond James behind strengthening industry activity and commodity inflation while CSFB out on Friday noting that while end-market growth finally occurred in Q1, margins came in soft.

April 28, 2017

Fossil (FOSL) with another 2,000 December $22 calls bought today for $1.60 to $1.70 after buyers active earlier this week, potential rebound name in the retail space and comes after positive Swiss Watch data this week

Sarepta (SRPT) bullish action continues with 1,000 August $40 puts sold to open for $5.90. Some M&A speculation this morning after the company’s CEO announced plans to step down after his contract ends.

Kellogg (K) buyer of 5,000 July $67.50 puts to open $1.25 to $1.30 with earnings struggling in the group recently

April 27, 2017

Grupo Televisa (TV) with over 23,000 May $24 puts sold to open today for $0.35, common strategy in the name over the last few months

Helmerich & Payne (HP) down over 6% today following earnings but seeing over 900 September $57.50 puts sold to open for $4.10 to $4.05 seeing a big high volume range from 2016 holding as support. HP had 1,500 of the September $70 calls bought yesterday as well.

Applied Optoelectronics (AAOI) IV climbing ahead of earnings next week, 5-4, with 1,000 May $45 calls trading from $4.80 to $5.60 this afternoon. The company pre-announced a strong quarter last week behind strong data center demand.

April 24, 2017

LyondellBasell (LYB) with 1,700 January 2018 $92.50/$70 bull risk reversals opening today for $0.70-$0.80 debit, earnings later this week. LYB said at their Investor Day on 4-5 that they may borrow up to $18B for M&A

Kennedy Wilson (KW) down 4.2% on elevated volume today after announcing a combination with KW Europe Real Estate, and seeing 2,500 December $20 puts sold to open into weakness at $0.90 with shares off lows and retaking its 200 day MA.

Abbott Labs (ABT) with 4,000 June $45 calls bought for $0.57 in a stock replacement today on the PHLX, strong name this year which saw some large insider buying in December

April 21, 2017

Incyte (INCY) with 250 more June $100 calls being bought $26.65 after 250 opened into weakness earlier this week, trying to hold the 20 week EMA, and also seeing 250 Jan. 2019 $175 calls sold to open for $7.50, one of the names BAML noted as a potential Gilead (GILD) M&A target this morning

Mellanox (MLNX) shares in a bull flag under $52.50 and today 700 September $52.50/$60 call spreads are bought for $2.65. MLNX will report next week and still has 1,750 May $52.50 calls in open interest

April 20, 2017

EQT Corp (EQT) with 1,000 September $75 calls trading for $1.30 today and name which has over 11,000 of the September $70 calls in open interest from recent buyers

CSX Corp (CSX) shares higher by more than 6.5% today following earnings, a surprise boost in coal shipments up 3% and intermodal strength up 1% while outlining key efficiency programs under new CEO Hunter Harrison. Today, 2,380 July $52.50 calls are opening for $1.55 seeing further gains

Tronox (TROX) shares moving to the day’s highs with 800 May $17 calls bought up to $0.89 to open and follows buyers in the $14 calls yesterday over 650X and some unusual August call spreads recently.

April 18, 2017

Visa (V) buyer of 6,000 June $95 calls at $1.00, a name with a ton of bullish options action recently, Goldman out positive into late April earnings seeing Visa Europe synergies and strong payments data

Moelis (MC) showing some unusual strength today up 3% ahead of earnings next week, 4-25, and today 1,000 October $40 calls open for $1.80, 35X average volume

Welltower (HCN) with 3,000 May $75 calls opening this aftenroon for $1 as the April $70 calls close at $4.45 and roll out, strong trend higher recently and shares on the day’s highs

April 13, 2017

Inphi (IPHI) with 600 July $50 calls bought $2.10 to $2.20 in early action with 1,000 July $40 and 1,500 July $50 calls in OI, a small cap growth Semi that makes one of the nicer M&A targets for data center exposure

Regeneron (REGN) with 500 April 28th (W) $375 calls opening for $8.00 this morning, shares on the highs. UBS recently raising their PO to $446 on better than expected Dupixent pricing

April 12, 2017

Ambarella (AMBA) moving off the day’s lows as 1,250 January 2018 $55 calls trade from $6.50 to $6.82 and follows recent buyers in the $60 calls over 2,000X

SS&C Tech (SSNC) strong chart with shares pulling back from recent highs and today over 950 July $40 calls bought up to $0.65 to open, trading over 4X average today with IV steady higher

Ciena (CIEN) buyer of 5,000 July $23 calls to open at $1.03, rolls out of June $25 calls, shares dragging lower since last quarter’s earnings and trading beneath its 200 MA

April 11, 2017

L Brands (LB) buyer of 8,000 May $50 calls for $1.45 to $1.60 to open, shares moving to the highs of the day. LB has seen some sizable longer-term January 2019 $60 calls accumulate into weakness as well

Ascena Retail (ASNA) with 10,000 Jan. 2018 $5 calls bought $0.60 to open, beaten up retail name that could have some strategic value trading 8.4X Earnings and 5.4X FCF. ASNA has 10,000 September $6 calls in open interest from recent buyers as well and a top holding for Golden Gate Capital who has done PE deals in retail before

April 7, 2017

Trinity (TRN) with buyers of 3,750 May $27 calls for $1.75 today as the April calls roll out, name which has seen more than 10,000 January 2018 $30 calls bought recently

Coca Cola (KO) June 2018 $40 puts opened 3,000X near $2.05, looks to be another opening sale in a stock replacement, popular strategy in the name for months now

Dolby Labs (DLB) unusual push higher today up more than 4% and seeing the May $55 calls bought nearly 1,000X to open up to $1.55. DLB has over 7,000 June $55 calls and 2,000 June $50 calls in open interest. IV30 is up 6.8% and May skew starting to curl higher, bullish indicator.

April 6, 2017

Trip Advisor (TRIP) large opening buy of 1,700 Jan. 2019 $50 calls at $6.50, a name that has seen some large opening put sales into weakness and some large call buys

Twenty First Century Fox (FOXA) with 3,000 May $32 calls opening $0.60 to $0.65 and shares pulling back after recently breaking out of a narrow range. FOXA has over 11,000 July $33 calls in OI from recent roll up

Snap (SNAP) spread buys 1,000 October $22/$27 call spreads for $1.30 debit and selling the $17 puts for $1.60, small net credit for the position willing to own shares at the IPO price level

April 5, 2017

One Main Financial (OMF) with 2,500 May $24/$28 call spreads bought today for $1.10. The company coming off a strong quarter and Wedbush recently upgrading to Buy seeing last quarter’s improvement in delinquencies a positive read-through for trends in net charge offs throughout the rest of 2017

IBM Co (IBM) with 10,000 October $195 calls opening for $2.12 today on the PHLX as the July calls close and roll out, nice base forming at the 50-day with earnings in mid-April. IBM also trading 7K weekly $177.50 calls to open near $0.25

April 3, 2017

Priceline (PCLN) with 1,000 April $1,800/$1,810 call spreads bought for $2.70 debit to open today into pullback to the 13-EMA

Macerich (MAC) with 5,000 June $75 OTM calls bought $0.40 to $0.45, name that rejected a takeover approach last year

Banc of California (BANC) with 1,500 July $19 puts bought for $1.15 to open, name which had some red flags last year with a whistleblower alleging the company had engaged in mortgage fraud

March 31, 2017

Potlach (PCH) unusual buy of 1,080 May $50 OTM calls at $0.45 in contracts with no bid on the open. PCH is coming off a strogn quarter and trading back near highs, the timberlands REIT trading 24.55X Earnings, 3.1X Sales with a 3.3% yield with housing strong and lumber prices rising could be a consolidation target

Ultra Clean (UCTT) with 2,000 April $15 calls opening for $1.80 today, over 7X average with IV30 up 10.5%. The $530M maker of test production tools for semiconductors trades 12.14X earnings, 0.94X sales, and 10X cash with 20% EPS growth.

March 30, 2017

Sensata (ST) buyer of 2,000 June $45 calls this morning for $1.65 to $1.70, stock replacement, where more than 1,400 were bought yesterday to open, large Sept. spread from last week in OI as well

Lululemon (LULU) shares down 21% after earnings and multiple downgrades but a trader steps in and sells 2,500 Jan. 2018 $45 puts to open for $3.35, willing to own shares near the November 2015 lows

Tronox (TROX) strong today on the highs and 1,000 April $20 calls bought to open, name with some unusual August call spreads in OI recently

March 29, 2017

Raytheon (RTN) shares pulling back to the 50-EMA this week and this afternoon a trader sells to open more than 5,400 May $145 puts for $1.85 down to $1.75

Dicks Sporting Goods (DKS) spread this afternoon sells the June $45 puts to buy the $49/$55 call spread, 4,500X at a $0.40 net debit and follows a ratio call spread bought in the name yesterday

EnCana (ECA) buyers of 7,500+ April $11 calls at $1.05, name with sizable bullish positions already in OI, interesting name with BHP seeking Oil & Gas acquisitions

March 28, 2017

Cypress Semi (CY) with 2,500 May $15 calls opening for $0.82 to $0.83 today, looks to be rolling out of the April $14 calls into recent strength and Analyst Day today, report this morning the company is raising prices on certain flash products

Euro Stoxx 50 (FEZ) with a buyer of 5,000 May $37 calls for $0.88 today and follows some recent bullish flow in the name out to August. Weighted toward Total SA, Anheuser-Busch, Siemens AG, SAP, and Sanofi

Coty Inc (COTY) with 10,000 November $17 puts sold to open today for $1.35 down to $1.26, the company working to integrate their transformational acquisition of P&G’s beauty products.

March 27 , 2017

Ciena (CIEN) with 2,500 June $25 calls bought for $0.99 to $1 today, same spot where buyers weer active on Friday and has over 4,500 of the July $25 calls in open interest as well (CRM) on the highs of the day and 2,500 May $85/$90 call spreads trade for $1.20 debit on the PHLX

Best Buy (BBY) with 1,000 May $47 calls bought to open $1.41 to $1.45, recovered quickly from an earnings sell-off and seen benefitting from the HH-Gregg closing, nearing a move out of a long base. Upgraded at Piper this morning who also note that Sears closures could help BBY comps as well.

March 15, 2017

Tesaro (TSRO) with 400 April $135 puts sold to open early for $5.00 to $4.40 into recent weakness following AstraZeneca’s Lynparza data yesterday. Tesaro (TSRO) now with 1,000 June $190 calls opening for $5 as the March $150 calls bought on 1-18 close and roll out

KKR & Co (KKR) with buyers of 5,975 June $19 calls for $0.55 to open today, strong trend since November and shares flagging under $18.50 since early February

American Air (AAL) May $42 calls active all day into weakness after nearly 5,000 bought to open yesterday, traders today paying $2.15 to $2.45. AAL shares have pulled all the way back to its 200 day MA

March 14, 2017

Finisar (FNSR) weak recently following earnings but today 3,000 April $26/$30 call spreads are bought to open for $1.05 to $1.10. FNSR shares trying to hold the 50% Fibonacci from the May lows to recent highs at $26.

Philips 66 (PSX) with 570 January 2019 $80 calls opening from $7.56 to $7.85 with shares trying to base after recent pullback and follows steady accumulation in the June calls.

Halliburton (HAL) rebounding after the call sweep in Oil Services (OIH) and crude bouncing back a bit, a trader sold 1,000 October $45 puts to open $2.59 into weakness

March 13, 2017

Life Storage (LSI) with a block of 1,000 June $85 puts bought for $5.10 to open this morning but tied to stock, name which already has 1,500 of the June $90 puts in open interest and large September puts as well

Johnson & Johnson (JNJ) buyer of 800 Jan. 2019 $145 OTM calls to open at $3.20 offer, aggressive purchase, strong name since the Actelion purchase

New York Times (NYT) with 1,000 October $16/$13 bull risk reversals bought this morning for $0.25 debit on the PHLX, unusual size for the name which recently traded to 2-year highs

March 10, 2017

Century Link (CTL) with 1,000 January 2019 $20 calls bought for $3.80 in a stock replacement on the PHLX, working towards their $34B merger with Level 3 (LVLT)

Lumentum (LITE) buyer of 1,000 April $48/$39 bull risk reversals for $1.55 debit in a stock rplacement this afternoon and follows recent buying in the ITM September calls

WPX Energy (WPX) with 1,500 August $12 puts sold to open for $1.40 today with bullish action all week in the name into Energy weakness

March 8, 2017

Aevi Genomic Medicine (GNMX) buyer of 5,000 April $5/$10 call spreads this morning for $1.50, unusual size for the name. The company is expecting Phase 2/3 data for NFC-1 SAGA for the treatment of mGluR mutation positive ADHD sometime in Q1.

Simon Property (SPG) shares weak today and trading back near support of a ten point range which stretches back to November. A trader earlier sold 500 January 2018 $220 calls for $0.92 to buy the $160/$140 put spread, net debit of $4.24

Impax Labs (IPXL) with 1,000 June $12.50 calls bought for $0.55 to $0.60 to open here, Reuters reporting yesterday they hired Morgan Stanley to conduct a strategic review

March 7, 2017

Jet Blue (JBLU) with 5,000 April $19 calls opening for $1.05 today on the PHLX in a stock replacement, shares coiled under the 50-EMA and lagging the rest of the group recently

Pentair (PNR) unusual buyer of 1,000 April $60/$65 call spreads $1.24 at the PHLX and ISE. The $10.7B Industrial trades 15.55X Earnings, 2.2X Sales and 21.4X FCF with a 2.34% dividend yield. PNR recently sold its valves and controls unit to Emerson (EMR) and RBC raised its target to $70 seeing the cost controls and debt pay-down favorable.
March 6, 2017

Jack in the Box (JACK) aggressive buyers of 1,500 March $95 calls for $2.15 to $2.20 to open this morning with shares moving to session highs, shares trying to hold the $92.50 level after gapping down on earning

Antero Resources (AR) with 975 April $25 calls opening today between $1 and $1.05 with shares climbing to the day’s highs. AR shares have been range bound since November under $26.50

Kansas City Southern (KSU) with 1,250 April $90 calls opening for $3.05 today, rolling out of the March $90 calls, an underperforming rail with overhangs from Trump’s Mexico stance

March 3, 2017

Cooper Tires (CTB) shares flagging with 1,250 April $42 calls bought to open today at $1.20. CTB recently rose on the ITC voiting to cancel tariffs and countervailing duties on imported Chinese truck and bus radial tires. CTB also crushed estimates when it reported on 2/17

Leucadia (LUK) shares rallying to the day’s highs with buyers of 1,180 April $25 calls for $2.00 to $2.05 and then 1,800 of the April $26 calls for $1.30 to open, unusual size for the name

Coupa Software (COUP) unusual trade opens 1,000 March $30 calls for $0.50 today ahead of earnings on 3-13, a small tech name which IPO’d in the Fall and has formed a big base above the $25 level

February 28, 2017

Cypress (CY) with 3,550 September $15 calls bought for $0.75 to $0.80 to open this morning with Craig Hallum out speculating that Apple’s (AAPL) reported move to USB-C in the iPhone 8 and CY’s noted ramping of production in the 2H could mean a major design win for the semiconductor

Tesla Motors (TSLA) with 5,000 September $300 calls opening today for $9.55 to $9.75 as the June $300 calls close at $4.60 and roll out, shares trading back to the rising 50-EMA after earnings

Ingersoll Rand (IR) with another 800 March $80 puts trading here for $1.50 and 1,500 on the day into the lows of the day, shares moving under the 20-EMA. Shares were downgraded at Evercore on 2-10 seeing valuation stretched at these levels until we see more clarity on tax reform, infrastructure plans, and changes in regulations

February 24, 2017

Cabot Oil (COG) down 2.3% after earnings but an early aggressive buy of 1,000 April $22 calls to open $1.30. More than 15,000 March $24 calls bought the last two days in open interest.

Scientific Games (SGMS) large buy of 5,000 Jan. 2018 $22 calls today $3.80 to open, a name seeing a lot of adjustment trades recenetly, but staying very bullish

Kimberly Clark (KMB) unusual 2,870 April $145 calls bought to open $0.45 to $0.53, some talk it could be a target for KHC and 3G Capital after failing to secure the Unilever deal

February 23, 2017

Limited Brands (LB) with 4,500 April $50 calls bought to open from $1.95 to $2.00 today into post-earnings weakness, shares down over 15%. Citi positive today into the sell off noting that temporary factors like weather are pressuring Feb. comps and long- term the stock can double over the next three years

National Beverage (FIZZ) with 1,050 June $55 calls opening for $6.80 to $6.90 as 850 of the June $48.50 calls close at $11.60 and roll higher, earnings expected in early March

La Jolla Pharma (LJPC) large spread sells 6,000 March $10 puts to buy 6,000 March $17.5/$22.5 call spreads, net $0.80 debit. LJPC is expecting Phase 3 data for LJPC-501 for the treatment of catecholamine-resistant hypotension sometime in Q1.

February 22, 2017

II-VI (IIVI) buyer of 2,000 July $45 OTM calls to open $1.20, closes out 2,000 April $35 calls at $4.00, shares coiling under highs after an impressive run from when the unusual call action started, benefitting from the optical boom

Yelp (YELP) with 2,500 January 2019 $45/$28 bull risk reversals bought this morning for $0.40 debit on the PHLX, shares trading down to October support. JP Morgan out positive this week seeing local ad growth recovering which will boost YELP’s margins

February 17, 2017

Wolverine (WWW) unusual buy of 1,275 September $22.50 puts to open $2.30 to $2.35 at the PHLX, earnings on 2-22, potential negative read-through from VFC’s Timberland unit results

Sage Therapeutics (SAGE) with 1,000 May $80 calls opening today from $9.10 to $9.20. The company’s CEO said yesterday they’ve received takeover interest but not in discussions at the moment. William Blair this morning estimated teh company could see $102/share in a buyout scenario.

Maxim Integrated (MXIM) consolidating a strong earnings move nicely and a big block of 2,500 May $45 calls is bought $1.95 offer to open at the ISE, considered a top M&A target remaining in Semi’s

February 16, 2017

General Motors (GM) volume now jumps to 10,000 March 31st (W) $37 calls opening $0.96 to $0.99 this morning, rolling out of the February $37 calls, with shares higher this week following reports the company is looking to sell its Opel unit to PSA.

PTC Therapeutics (PTCT) trades 1,000 April $20/$10 bull risk reversals to open at $0.70 debit at the ISE after a bunch of September put sales yesterday. CSFB note this morning saying the stock can trade to $80-$100 on positive CF data, expectations are low.

February 15, 2017

Rockwell Automation (ROK) with 1,500 March $150/$140 put spreads bought this morning for $2.30 to open on the PHLX, likely protective with the recent rally in shares since November and comes ahead of Schneider Electric report tonight.

Macy’s (M) with a buyer of 2,750 January 2018 $37.50 calls for $2.20 on the PHLX with recent talk of Hudson Bay approaching with an offer. M will report on 2-21.

Micron (MU) buyers of 2,000 ITM March 3rd (W) $22.50 calls for $1.02 to $1.04 this morning with shares pulling back to just above the 50-EMA. Cleveland Research out positive yesterday seeing PC/data center DRAM pricing +25%+ Q/Q and also better NAND pricing.

February 13, 2017

Archer Daniels (ADM) rolling over after popping despite a very weak quarter and seeing 2,000 March $43 puts bought at $1.00 as 1,000 of the February $46 puts close

Macy’s (M) spreads active this morning with each of the May $35 calls and $30 puts trading 5,000X, structured as bull risk reversals with shares up this morning after Barron’s forecasted 50% upside in a deal scenario

Caterpillar (CAT) with the March $97.50/$92.50/$87.50 put butterfly spread opening 3,500X7,500 today into strength, targeting pullback to the 50-EMA

February 10, 2017 (CTRP) shares showing strength today up over 3% and 1,085 March $43 calls opening throughout the morning from $2.40 up to $2.85 and still has bullish open interest in the March $44 calls from December

Imperva (IMPV) buyer of 2,000 March $50 calls aggressively $1.25 offer after 2,000 June $47.5 calls bought to open yesterday after shares jumped sharply on earnings. IMPV was working with Qatalyst to explore a sale last year

Carters (CRI) with 2,500 March $80 puts bought for $2.10 to open with earnings expected in late February. Shares have been weak recently down to $81 support. CRI could see read through from Target’s (TGT) recent cut to their outlook as CRI has exposure to their stores.

February 9, 2017

Dollar Tree (DLTR) with 5,600 May $82.50 calls bought from $3.10 to $3.60 into the recent lows, shares trying to work out of a base ahead of earnings in early March

SuperValu (SVU) with 10,700 April $4 calls opening for $0.25 today on the PHLX into recent lows, name undergoing a lot of structural changes including selling their Save-a-Lot business recently for $1.365B and on 1-11 the CEO noted the company is open to M&A to boost their wholesale business. Also some speculation last Summer the company could sell their Cub Foods locations to Kroger.

February 8, 2017

CIT Group (CIT) with 2,000 April $42/$39 bull risk reversals opening this morning for a small net credit into weakness, a financial which has been shifting its portfolio over the last twelve months and could continue asset sales this year

Aaron’s (AAN) with earnings on 2-17 and seeing 2,700 February $29 puts bought to open from $0.95 to $1.05 this morning and follows an ugly warning from peer Rent-a-Center (RCII) on 1-19

Monster Beverages (MNST) with 3,500 February $44 calls bought from $0.65 to $0.75 to open ahead of Coca Cola (KO) report tomorrow morning

February 7, 2017

Tupperware (TUP) with 1,250 March $60 puts bought from $2.05 to $2.15 to open today into recent strength, coming off a mixed quarter and name which can be susceptible to FX moves with a lot of non-US exposure. Short interest is 12% and rising slightly the last two months.

Merrimack (MACK) with 1,500 September $3 puts sold to open for $0.55 down to $0.50, name which has some notable 2018 catalysts including Phase 2 data for MM-141, a treatment for front line pancreatic cancer, and Phase 2 data for MM-121 in NSCLC.

Schwab (SCHW) with 3,000 September $41 calls opening today for $3.10 on the PHLX in a stock replacement, shares down to the 50-EMA after cutting trade commissions last week

February 6, 20

Van Heusen (PVH) with 500 March $85 calls opening $5.56 to $5.60 this morning into recent weakness, name which Wells Fargo said could be a dark horse bidder for Kate Spade (KATE)

Hain Celestial (HAIN) buyer of 1,200 August $40 calls to open $3.45 at the PHLX with shares weak down 1.8% early and despite all the ugly price-action, options flow staying bullish in the name, also inverted IV Skew for February and March

Cadence Design (CDNS) unusual buys of 1,500 May $32 far OTM calls $0.55 to $0.65, shares up big last week on results

February 3, 2017

Chemours (CC) with 5,000 April $29 calls bought for $1.80 to open today as the $25 calls close and roll higher, a position which has been rolled out once before. CC a strong chart with shares near new highs ahead of earnings on 2-15. CC also a potential beneficiary of the Huntsman (HUN) capacity issue after facility fire.

Lincoln National (LNC) with 1,000 February $70 calls bought this morning for $1.35 on the AMEX with shares in a bull flag under recent highs. The $15.66B insurance company trades 9.79X earnings and 0.97X book with a 1.69% yield.

February 2, 2017

Air Methods (AIRM) with 1,500 April $40 calls bought for $2.80 and 300 July $40 calls bought for $3.50 with reports yesterday the company exploring a sale

Range Resources (RRC) with 4,000 March $34 calls bought today as shares put in a nice reversal candle, natural gas names strong today

Express Scripts (ESRX) with 1,500 April $65 puts bought from $3.15 to $3.20 to open today with shares down 4%. ESRX shares have traded weak since mid-November with concerns about drug pricing.

February 1, 2017

Agios Pharmaceuticals (AGIO) with 1,000 August $60 calls tradubg $3.60 today with the company expected to file an NDA for AG-120 for the treatment of relapsed/refractory AML sometime this year. AGIO had small buyers of 500 May $60 calls on 11-14 which remain in open interest.

EP Energy (EPE) with 4,200 February $6 calls bought to open for $0.20 this morning and recently a bullish 3-way spread in the January 2018 options as well. The company announced a Permian drilling JV with Wolfcamp last week.

Celgene (CELG) moving to the highs of the day with 1,000 February 24th (W) $116 calls bought for $3.29 to $3.30 to open targeting a 2-24 PFUDA for Revlimid.

January 31, 2017

COMSCORE (SCOR) with 1,800 March $30 calls bought $4.20 to $4.40 after recent unusual buy of 1,000X. The $1.88B cross-platform measurement company of audience metrics and consumer trends trades 27X earnings, 5.1X sales and 3.29X book with a strong technical setup under recent highs. Short interest is 9.88% of the float and rising since August when it was 6.4%.

Fortress (FIG) with 2,000 September $5 calls bought for $0.65 today where 3,000 opened yesterday, trading 7X average volume. The $2.07B asset manager trades 6.56X earnings, 2.38X book and 5.9X cash with a 6.7% yield.

Weight Watchers (WTW) with 1,500 July $15/$20 call spreads bought for $0.75 to open today, volatile name which tends to move on headlines and Sidoti recently with a big $28 price target for shares seeing a refreshed advertising push with Oprah benefitting sales.

January 27, 2017

Tractor Supply (TSCO) with 3,000 February $75/$80 call spreads bought for $1.55 into earnings on 2-1. Oppenheimer out positive this morning seeing normal weather and better prices for oil and farm-related commodities boosting Q4 sales

Go-Daddy (GDDY) opening sale of 1,000 February $35 puts $1.25 to $1.23, and has seen 2,000 February $35 calls open this week. GDDY shares are trying to work out of a long base above its rising 20 week EMA and report son 2-15. The company recently announced a key deal for Host Europe for $1.82B

Charter (CHTR) with 1,170 March $335 calls opening today from $7.21 to $7.85 as the February $310 calls close and roll out, strong week with the reports of Verizon (VZ) interest yesterday

January 26, 2017

US Foods (USFD) unusual 1,500 April $30 calls bought $0.55 to $0.60, many see Sysco (SYY) taking another run at it

Banc of California (BANC) with 1,000 March $16 puts bought for $1.20 to $1.25 to open this morning with earnings expected in early February and name with some red flags recently. BANC had 3,000 Feb. $15 puts bought on 1-18 to open.

SM Energy (SM) unusual with IV rising 10% this morning and earlier the 4,000 February $40 OTM calls bought and now a 3,500 block buys at $0.50 while 1,500 March $40 calls also trading. The company started Buy at BAML earlier this month having undergone a significant transition shedding over $2B in assets and refocusing on their Permian Midland assets, a hot area.

January 25, 2017

Buffalo Wild Wings (BWLD) buyer of 1,000 March $165/$145 bull risk reversals for $1.20 on the PHLX with Marcato involved in the name and pushing for strategic actions, earnings on 2-7.

Cornerstone OnDemand (CSOD) buyer of 2,500 March $45/$50 call spreads for $1.25, company exploring a sale and reporting earnings on 2-13. Piper out positive this morning raising estimates and thinks the recent challenges for the company are transitory.

January 24, 2017

CarMax (KMX) with 1,800 March $70 calls bought $2.12 to $2.20 to to open this morning with shares hitting new 1-year highs this morning ahead of Motor Vehicle Sales next week.

DuPont (DD) with 3,000 April $75 calls trading to open this morning for $2.83 following a strong quarter this morning and expecting Dow Chemical (DOW) merger to close in the 1H of the year.

CSX Corp (CSX) with 3,000 March $47 calls opened $1.70 after 3,000 of the $46 calls opened yesterday, target raised at BAML this morning as investors see upside in the potential activist/management situation brewing

January 23, 2017

Marathon Petroleum (MPC) pulling back to the 50-EMA and basing the last week, strong since November when Elliott disclosed a stake, and today bullish spreads trading 2,000X buying the July $52.50 calls and selling the April $45 puts for $0.90

Sprint (S) on the highs of the day with 4,275 May $10 calls bought to open for $0.67 to $0.71 after the company bought a 33% stake in TIDAL this morning for $200M and continued talk of a potential deal with T-Mobile (TMUS).

Home Depot (HD) with the February $137 calls bought this morning over 14,000X for $1.97 as it appears the February $140 calls from 11-30 close over 28,000X and roll back.

January 20, 2017

Blackstone (BX) with 15,200 January 2019 $30 calls opening for $3.30 today as the January 2018 calls look to roll out, strong recently and pulling bakc here to the 20-EMA. BX Shares are working out of a big 1-year base above $27.50.

Fairmount Santrol (FMSA) buyer of 3,500 June $15 calls to open $1.15 as February $12.50 calls close at $1. Jefferies positive yesterday seeing demand and pricing positive with nearly 225 horizontal rigs added since May

January 19, 2017

Steel Dynamics (STLD) with 1,250 May $37 calls opening early for $2.95 to $3 ahead of 1-24 earnings, best in breed steel play which was strong yesterday following Wilbur Ross comments on potential tariffs. STLD now with 1,200 February $37 calls bought $1.30 to $1.40 with the earlier May buying.

Array Bio (ARRY) unusual buy of 1,000 June $14 calls $1.15. ARRY has a 6/30 PDUFA date for binimetinib for the treatment of NRAS melanoma and the AdCom expected in the 1H.

US Silica (SLCA) buyers of 865 March $55 calls $6.30 offer in a sweep as shares break out of a bull flag. Bernstein with a positive note this morning on Y/Y gains in Northern White sand pricing.

January 18, 2017

T-Mobile (TMUS) early buyers of more than 5,900 May $70 calls up to $0.90 this morning with shares coiled above the 20-EMA. Oppenheimer out this morning seeing a greater than 50% chance of a Sprint, T-Mobile merger in 2017

Stifel Financial (SF) steady rise in IV this morning as 1,175 April $45 puts are bought from $1.85 to $1.95 to open and name which already has 1,000 April $50 puts in open interest from buyers on 11-23

Cornerstone On-Demand (CSOD) buyer of 2,000 February $45 calls $1.25 to $1.35, the company exploring a sale

January 17, 2017

Disney (DIS) with 10,000 June $125 calls opening this morning for $0.78 as the February $110 calls look to roll out, upgraded at Goldman Sachs this morning seeing ESPN headwinds abating and the FY18 film slate as one of the strongest in the studio’s history.

Best Buy (BBY) with 2,000 March $49 calls bought to open $1.71 to $1.72 and traded against sales of 1,200 March $42 puts at $1.58 and 800 March $43 puts at $1.93. BBY was a top performer in Retail last year and strong out of a base today

PACCAR (PCAR) with the February $66.90/$61.90 put spread opening 2,000X4,000 this afternoon for $0.98 debit ahead of earnings on 1-31

January 13, 2017

Owens Corning (OC) trading 2,067 calls in the opening 30 minutes, 10X average after 1,000 May $55 calls bought yesterday, and seeing those trade over 800X this morning as well as the 750 Jan $55 calls for $0.25 opened, storng building material spending seen in the retail sales report.

Acorda Therapeutics (ACOR) aggressive buy of 1,500 February $27 far OTM calls $1.60 at the PHLX, a name popular with opening put sales since October lows. The $943M biotech trades 30.14X earnings, 1.85X sales, and 7.3X cash with 20-30% EPS growth expected over the next five years. The company will release Phase 3 data for CVT-301 for the treatment of OFF episodes of Parkinson’s disease sometime in Q1 and expectations for an NDA shortly after. Institutional ownership rose last quarter, Baker Bros. a notable holder with 3.5M shares and short interest in the name is over 13% but falling in 2016 from over 25%. On the chart, shares are forming a bottoming pattern under $22 and a series of higher lows from the November sell off. Shares have been in a downtrend since December 2015 when shares traded as high as $42.50.

January 12, 2017

Tiffany (TIF) showing strength this morning following strong Holiday sales from Richemont and 1,000 May $82.50 calls bought this morning for $3.70 on the PHLX in a stock replacement.

Assembly Bio (ASMB) unusual action with 1,000 February $12.50 puts sold to open $0.60 to $0.55, announcing earlier this week a licensing agreement with Allergan (AGN). The $227M Co. focuses on oral therapeutic treatments of HBV

Liberty Global (LBTYA) with 1,585 April $37.50 calls bought this morning up to $1.25 and still has size in the January $35 calls with more than 7,000 in open interest. LBTYA shares have traded strong in 2017 and nearing resistance of a nearly 1-year long range.

January 11, 2017

State Street (STT) strong since early November and holding the 8-EMA today with more than 2,200 February $80 calls opening $3.80 to $4.25. STT upgraded to Buy at Goldman on 1-4 seeing expanded margins from NIR, FX trading, and lending in 2017.

AmerisourceBergen (ABC) large buy of 2,500 May $72.50 puts at $2.50 offer at the PHLX as drug pricing scrutiny is back in focus; now peer McKesson (MCK) also with 1,000 February $130 puts bought for $2.20 to open

January 10, 2017

Charter (CHTR) with 1,000 March $300 calls opening for $12.20 this morning and shares moving to session highs now. CHTR had 3,500 Jun $305 calls bought on 1-4 to open and name which could see notable earnings impact from Brighthouse and Time Warner synergies in 2017. (JD) with 5,000 March $27 calls bought up to $1.55 today with IV climbing, name continues to draw bullish flow as shares consolidate in a large wedge. JD was upgraded at JP Morgan yesterda behind expectations for a 3P growth recovery in FY17 and could see Wal-Mart (WMT) continue to raise their ownership stake.

Rent-A-Center (RCII) buyers of more than 5,900 February $10 puts for $0.90 and name with sizable March $12.50 and $10 put open interest. RCII CEO Davis resigned last night and the company starting a search process immediately.

January 9, 2017
Gogo Wireless (GOGO) with 1,120 May $10 calls bought $0.95 to $1 to open this morning, name which saw some insider buying from CEO Michael Small in November of more than 50,000 shares.

Ambac Financial (AMBC) buyers of 2,000 May $25/$30 call spreads at $0.95, a name with activist pressures and targeting the annual meeting

Rockwell Collins (COL) bouncing off lows here as 1,250 January $90 calls bought $2.90 to $3.00, has significant OI after being pushed to sell itself instead of buying BEAV

January 6, 2017

Fiat Chrysler (FCAU) with 5,000 February $11 calls opening this morning as the Feb. $9 calls roll up. Shares upgraded to Conviction Buy at Goldman Sachs this morning with the firm seeing a better NAFTA price mix as they shift away from mass-market cars and towards more profitable vehicles

Workday (WDAY) buyer of 800 March $72.50 puts to open at $4.80 with share rallying to start the year, back near the large earnings gap

Callaway (ELY) with 1,560 February $11 puts bought this morning ahead of the PGA Merchandise Show in the last week of January where they’re expected to unveil new Drivers

January 4, 2017

Newell Rubbermaid (NWL) with a potential double bottom at $44.50 and moving higher today with 1,000 February $46 calls opening $1.45 to $1.75, a name with 4,500 June $40 ITM calls bought that sits in open interest and also seen a good amount of insider buying

Sparton (SPA) with 1,100 February $22.50 calls opening $2.40 today as the January $20 calls roll out, a name which has been exploring strategic alternatives for months

ZTO Express (ZTO) a Chinese express delivery name that has moved down to lows and seeing 825 April $12 puts sell to open $1.10 to $1.05 today seeing limited downside. Shares trade 18.4X Earnings

January 3, 2017

Gilead (GILD) with 2,000 February $77.50 calls bought from $1.45 to $1.47 this morning after positive IMS Health data on hep C prescriptions in Q4

Vulcan Materials (VMC) with an opening sale of 3,500 January $120 puts for $0.85 to $0.75 this morning, likely a major beneficiary of new infrastructure spending and drive for more aggregates

Regeneron Pharma (REGN) shares up 2.9% and holding near highs as market pulls back, a buyer of 500 Jan. $380 calls to open $10.60 to $11 earlier for a $550K trade

September 20th, 2016

Mellanox Tech (MLNX) a name struggling since March but a trader opens 500 March 2017 $48/$34 bull risk reversals at $0.30 debit, and a name that has seen some unusual call buys and could make a nice M&A target. The $2B company trades 10X Earnings, 2.6X Sales and 17.7X FCF with strong growth and impressive margins.

Alexion Pharma (ALXN) buyer of 500 Jan. 2017 $100 deep ITM calls at $33.60, same spot with 1,500 recently bought, and similar action in deep ITM BioMarin (BMRN) Jan. 2017 calls, both rare disease plays

August 9th, 2016

Tesaro (TSRO), a Biotech that surged on data in June and immediately saw a ton of opening put sales showing a willingness to buy the stock on even the slightest of weakness, seeing a nice range breakout today and a buyer of 500 Jan. 2017 $110 calls for $8.45 in a stock replacement. RW Baird initiated shares Outperform in July with a $105 target, and Wedbush last week with a raised $107 target, seeing its aggressive launch strategy for niraparib putting it in first-mover position in second line ovarian cancer, and also notes TSRO is an acquisition target.

Hilton (HLT) seeing similar action as yesterday with buyers active in September $25 calls for 4,000X after 5,000 opened 8/8, and sellers active for 4,750 September $23 puts after 8,000 sold to open on 8/8

Hain Celestial (HAIN) sweep of 1,500 September $55 calls for $1.75 to $1.90 to open this morning, shares on the session highs and name with M&A talk recently. HAIN one of the names exhibiting inverted skew for August and September

August 4th, 2016

TJX Co. (TJX) big buyers coming into August $82.50 calls 3,550X up to $1.40, a top performing Retailer

General Mills (GIS) buyer of 3,500 January 2018 $70 calls for $5.66, rolling from the January 2017 $65 calls which close at $6.71. The $41.75B packaged foods company trades at 20.24X earnings and 2.52X sales with a 2.75% dividend yield and mid-single digits EPS growth. In May, the company was noted as a potential acquisition target for 3G Capital as they drive consolidation in the food industry.

Energy Recovery (ERII) unusual buyers of 1,050 February $10 calls for $2.75 to $2.95 this morning to open, shares on the highs up 16.3%. The $540M provider of equipment for water and energy markets trades 36X earnings and 7.8X FCF with limited debt and 20% EPS growth. Short float is 13.86% and rising since April although down overall from 3-year highs over 20%.

Puma Bio (PBYI) seeing unusual opening buys 430 March 2017 $55 calls $11.20, over $480K. PBYI jumped in July on positive Phase 3 breast cancer data and earlier this week December $50 puts sold to open 150X at $10.50 as well and longer term skew showing a flatter slope. The $1.56B Biotech does have nearly 35% of its float short, rising since 2014.

July 22nd, 2016

PayPal (PYPL) aggressive buyer of 2,000 September $35 calls into morning weakness, stock rallied off lows most of the day.

Southern Co. (SO) buyer of 1,000 January 2018 $55 calls to open $2.77 offer at ISE, earnings on 7-27.

Southwestern Energy (SWN) buyers in the afternoon of 7,500 September $14 puts $1.05 to $1.18 into strength, expecting a correction.

Grub Hub (GRUB) opening buys of 3,000 August $30 puts in the afternoon at $1.55 to $1.70, showing some caution ahead of 7-28 earnings.

Big Lots (BIG) afternoon buyers of 2,375 August $52.50 puts $1.60 to $1.70 looking to add to the OI that opened earlier this week, and large October puts remain in OI.

Reynolds (RAI) buyer of 1,000 January 2018 $52.50 calls at $4.30 at the ISE.

July 20th, 2016

Target (TGT) sweep buyer of 5,000 September $77.50 calls to open at $0.79 to $0.81, earnings on 8-17, and shares moving above its 200 day MA today

Seres (MCRB) unusual buyer of 1,000 August $25 puts $2.50 to $3.20, IV sharply higher. MCRB a Biotech that also has 1,200 October $20 puts in OI. SER-109 data due late July or early August, a drug for prevention of multiple recurrent C. Doff infection.

Cummins (CMI) with 3,055 August 5th (W) $119 calls bought to open $2.37 to $2.47 as July 29th (W) $120 calls roll out, captures 8-2 earnings. CMI shares forming a tight weekly bull flag and nearing a breakout, some encouraging results from Wabco (WBC) this morning in commercial vehicles

Inphi (IPHI) opening buy of 1,200 September $35 calls $2.40 offer at the PHLX, a small cap growth name with a focus in the data center, reports on 8-8, but INTC results can be a catalyst

July 14th, 2016

MAXIMUS (MMS) with 1,000 August $60 puts bought from $2.65 to $3.00 today, unusual size for the name and shares on session lows. Shares are getting a bit extended with recent run higher and trading against a big gap from November.

Skyworks Solutions (SWKS) now seeing buyers of August $72.50 calls up to $1.25 for 3,500+ contracts, another Apple supplier like QRVO. SWKS now with 2,000 August $65 calls opening for $4.70 offer, follows over 5000 $72.50 calls opening earlier

Agrium (AGU) trading 9X daily calls with bullish flow as 1,700 each of the October $100 and $105 OTM calls being bought to open at $2.75-$2.85 and $1.40 respectively, earnings on 8-3. AGU shares are breaking out of a 15 point pattern this week that targets a move to $110.

BioMarain (BMRN) early this morning with a buyer of 200 August $125 calls for $1.10, and also seeing 500 Jan. 2017 deep ITM $60 calls bought at $30.50, a spot where 1,500 have bought this week, 500 contracts every day

July 13th, 2016

Alibaba (BABA) opening sale of 13,500 October $82.5/$80 strangles for $7.35

Intel (INTC) with afternoon buyers of 10,000 October $36 calls at $0.98 to $1, a name seeing sizable call buying daily ahead of 7-20 earnings.

MasterCard (MA) August IV rose through the late afternoon as 5,000 August $92.50 calls were bought to open $1.30 to $1.39.

Citrix Systems (CTXS) block of 1,500 September $90 calls opened at $1.70 at the ISE, a big winner on earnings lately trading higher the last 6 reports.

July 11th, 2016

Twitter (TWTR) large buyer of 20,500 January $22 calls for $1.20 offer in a stock replacement. Shares have moved back to the pre-earnings levels from April at $18 last week but down today after Sun Trust’s Bob Peck downgraded shares on user growth, engagement fears

Shopify (SHOP) shares moving back towards highs and a break above April/May levels, a name seen as a top takeover target. SHOP is seeing buys of 500 August $30 calls today $2.82 to $3 and 250 Jan. 2017 $40 calls at $1.60

Mobileye (MBLY) large adjustment trade as the 5,000 July 22nd (W) $40 calls are closed $8.65 at a large profit and rolled up to 8,000 of the $49 strike calls bought $1.45, while 2,000 of the August 5th (W) $52.50 calls also bought to open $1.20 offer in a sweep. MBLY will report in early August and remains a top way to play the ADAS growth theme

Xilinx (XLNX) with 1,950 August $48 calls bought $1.21 to open at the PHLX, earnings 7-27 and a name often mentioned as a likely M&A target. XLNX Aug $48 calls up over 2,700 trading on the day now

July 7th, 2016

Alliance Data Systems (ADS) a weak name the past few weeks and seeing 650 August $190/$175 put spreads bought today, targets 7-21 earnings, and shares with a weak bounce back to the 20 EMA the last few days

Alkermes (ALKS) shares running strong today and clearing June highs, seeing unusual options activity as well with 300 November $45 puts sold to open $4.70 to $4.60 and 425 February 2017 $50 calls bought to open $6.40. Evercore ISI started ALKS at Buy on 5-26

Sherwin Williams (SHW) back near April highs when it announced its large deal for Valspar (VAL), and seeing September $300 calls active this morning with 450 bought in smaller lots at $11.20 to $12.90

NetSuite (N) buyer of 200 October $80 OTM calls $5.50 to $5.70 as the company continues to attract unusual OTM call buys, much of which follows a recent Oracle (ORCL) $14B bond sale, with N seen as a likely target

July 5th, 2016

Lions Gate (LGF) buyer of 1,500 January 2017 $18/$25 call spreads for $2.10 at the PHLX, the Company announcing a deal for Starz (STRZA) last week and been under pressure. LGF had a large opening sale of 7,500 August $18 puts into weakness last week.

Chipotle Mexican Grill (CMG) strategist targeting July 21st earnings with July 22nd (W) options as 500 $350 puts being sold to purchase 500 of the $400/$440 call spreads.

MasterCard (MA) rising with Visa (V) and seeing opening buys of 2,075 July 29th (W) $91 calls $1.25 to $1.31

June 28th, 2016

Innoviva (INVA) large opening sale 10,000 December $7.50 puts $0.55 to $0.50, usually a very good signal in small Biotech names. On 5/26 the September $10 puts were sold to open 10,000X at $0.75 and remain in OI. On 6-20 it reported positive COPD study results, partnered with Glaxo (GSK). Baupost Group showed a new 19.8M share stake in INVA in Q1 filings. INVA was formerly known as Theravance (THRX).

June 27th, 2016

Kate Spade (KATE) with 7,850 August $20 calls bought to open $1.15/$1.20 after calls in October at multiple strikes closed.

McDonald’s (MCD) trade puts on 3,000 January 2017 $125/$105 bull risk reversals at a $0.70 credit at the CBOE today, will confirm OI tomorrow

EOG Resources (EOG) buyers of 1,000 October $90 calls at $2.17, same contracts saw buyers Friday, and shares holding up well near lower end of recent range

Visa (V) trying to rally in the face of a market decline early with 600 July $74 calls bought $2.03. Visa (V) trader adjusting a position here closing 4,000 July 29th (W) $78.50 calls and 5,000 of the July 29th (W) $78 calls, opened on 6-17 and 6-20, to open 5,000 July 29th (W) $77 calls for $1.45

June 21st, 2016

Dick’s Sporting Goods (DKS) nearing session lows and 1,000 December $40 puts bought from $3.36 to $3.40 to open, shares in a small bear flag and weak under the 200-MA. The company cut their FY view in May.

Hain Celestial (HAIN) also seeing 2,000 August $55 calls bought to open $1.45/$1.50 with July $55 calls also active, IV rising sharply, and follows rumors last week of potential for M&A. HAIN’s July IV Skew has completely inverted.

Altria (MO) buyers active for 10,000 September $67.50 OTM calls $1.53 to $1.55, a name breaking to new highs and has seen longer dated large call buys, some speculation it could seek a large merger in the past. MO now also with a large buy of 10,000 December $67.50 calls $2.40 at the PHLX

Edgewell Personal Care (EPC) aggressive buyer of 750 November $90 calls $3.20 offer at ISE, a name with 7,500 August $90 calls in OI.

June 16th, 2016

Energizer (ENR) a name that broke out yesterday and seeing unusual large put sales to open today, the November $45 puts sold to open 1,500X at $2.325, the November $40 puts 1,000X at $1.05 and the August $45 puts 500X at $1.10

Goldman Sachs (GS) spread buys 1,000 October $155 calls $4.40 and sells 2,000 October $120 puts $2.575 with shares trading $144. GS shares have sold off and are very oversold as the Fed delays rate hikes. GS now trading those October risk reversal spreads 3,000X6,000

McKesson (MCK) opening sale of 2,500 August $165 puts at $3.60m willing buyers back at the April breakout level and a name with 2,000 August $185/$170 bull risk reversals opened recently. MCK peer ABC also with a recent large opening put sale, so could see that group start to bottom

Fit Bit (FIT) weak today down 5.5% and losing recent range and over 4,000 August $13 puts bought up to $1.90 today.

June 9th, 2016

Patterson-UTI Energy (PTEN) with over 2,000 July $21 puts sold to open $0.80, seeing very limited downside, an Energy name up on strong volume all week and strong today

Treasury (TLT) seeing further bullish action with 3,000 September $139/$143 call spreads bought and the December $126 puts sold to buy the $136/$146 call spread 9,000X, a popular covered risk reversal strategy in this name lately

Hershey (HSY) now trading 21,000 calls on the day, 40X average, and IV30 climbing 55%, a massive IV move, after rumors earlier of potential Nestle interest in the Company. The July $100 calls saw some large block buys at $1.10 and are trading over 7,500X on the day, not the typical rumor type activity. IV Skew has also shifted with June inverted and July parabolic.

ANI Pharma (ANIP) unusual buy of 450 October $50 puts $4.10 to $4.40 to open. ANIP has a $640M market cap and sees $119M to $134M in revenues for FY16 with 81 product sin development, total market potential of $4.1B.

June 7th, 2016

Diamond Resorts (DRII), exploring strategic alternatives, and breaking out today, sees a spread buy 4,700 July $25 calls and sell 9,400 November $35 calls at net debit of $0.60

Signet Jewelers (SIG) buyers of 1,200 July $85 calls this morning from $4.90 to $5.10 to open, follows some big LEAP buyers last week into weakness from negative Grant’s mention. The trade comes after the large July call fly opened yesterday afternoon. Traders continued to buy these calls throughout the morning up to $5.30 with volume reaching above 4,500X. SIG a name that Corvex has continued to build their stake in despite concerns, recently pushing it to 8.3%

Concho Resources (CXO) one of many strong Energy names and 700 December $140 calls bought today $6.61 as September $125 calls are rolled out and up

Union Pacific (UNP) buyer of 10,000 August $90 calls to open $2.36 as June $90 and August $85 calls roll out as well as some August $82.5 calls

June 2nd, 2016

Charter Communications (CHTR)with 2,650 June $230 calls bought to open at $3.80 to $3.90 today, shares pulling back recently following closing of Brighthouse and Time Warner Cable deals

Ironwood Pharma (IRWD) with 5,000 August $15 calls bought for $0.65 to $0.75 to open, name mentioned as a possible M&A target for AGN after their PFE deal fell apart given the two already partner together

Wyndham (WYN) trader rolling 1,880 June $75 puts out to 2,350 July $70 puts which open at $3.50 offer, staying bearish the name which has been weak since earnings

June 1st, 2016

SCANA (SCG) unusual buyer of 1,000 August $75 OTM calls $0.40 to $0.50, trading 15X daily calls. The $9.95B Utility trades 16.7X Earnings and 1.8X Book with a 3.3% yield. Mizuho upgraded SCG to Buy in February seeing the VC Summer nuclear risk abating given the updated construction contract.

Tableau Software (DATA) with 1,800 June $53 calls bought aggressively to open $1.75 offers after 3,000 Jan. 2018 $100 calls opened yesterday near $2.70

Nevro Corp (NVRO) breaking out today and on session highs with 1,000 June $75 puts sold to open from $4.50 to $4.30, IV dropping with the trades. The $1.91B medical equipment company is not yet profitable but trades 18.8X sales and 8.6X book with limited debt. Short interest is 33.91%. The company will present at the Goldman Sachs Healthcare Conference on June 9.

May 23rd, 2016

Macy’s (M) January 2017 spreads 3,350X selling the $25 puts to buy the $35/$45 call spreads

Starbucks (SBUX) August $60/$45 bull risk reversals trade 5,000X to open at the PHLX for a small $0.18 debit, looking for a rebound move

PayPal (PYPL) buyer of 2,000 July $39 calls to open $1.15 offer, shares reversing after holding last week’s lows

Canadian Pacific (CP) bullish action with 825 June $135 ITM puts being sold to open at $7.80 aggressively with shares trading $128.20.

May 17th, 2016

Home Depot (HD) shares sold off this morning despite another great quarter and now have settled back a bit higher, large opening buy came in for 1,500 July $135 calls $2.80 into weakness at the ISE

Chubb (CB) an insurance name with 1,475 June $125 calls being bought to open $2.30 to $2.45

Stericycle (SRCL) large buyer of 1,000 June $95 calls $5.90 offer in an aggressive sweep. SRCL was a large addition for JANA Partners in Q1 with over 2.4M shares, 7th largest holding, and top firms Baillie Gifford and Wedwewood also buyers. Stifel was out with a note yesterday that Waste Management (WM) could look to do a deal for Stericycle that would be compelling for both sides.

Potash (POT) now trading over 10,000 of the July 1st (W) $17.50 calls to open up to $0.57. POT shares have been strong today and holding $16 support with over 1,500 December $14 puts sold to open on 5-9.

Cornerstone OnDemand (CSOD)trading 1,000 November $45/$30 bull risk reversals today to open at a small credit. CSOD with a strong report in early May and raising FY guidance. On 5-2, The Information noted that CSOD, among others, look like nice targets for Oracle who has been investing cloud software names recently.

May 16th, 2016

Steelcase (SCS) buyer of 950 October $15 calls for $1.30 to $1.35 to open, over 12X average, shares coiled since mid-March

Dollar General (DG) June 3rd (W) $83/$77 bull risk reversal opens 2,000X at $1.60 debit at the ISE, a name showing up on some notable fund Q1 adds

Bank of the Ozarks (OZRK) shares forming a bear flag and buyers today of 1,000 August $35 puts for $2.55 to $2.60 to open. Last week, 5-11, more than 2,650 June $35 puts were bought at $1.30 after Muddy Waters presented their bear case at Ira Sohn.

May 13th, 2016

William Sonoma (WSM) dragged down with retail this week though the monthly report this morning showed strength in Home Furnishings. Traders are buying 3,650 June $57.50 calls to open this morning into weakness in the $1.05 to $1.20 range, earnings expected next week but not yet confirmed.

Amgen (AMGN) bounced at support once again and now up 1.25% on the day, and buyers this morning of 740 July $145 calls $11.95 to $12.35 in a sizable sweep

Cooper (COO) a strong chart and 470 ITM June $140 calls bought $17.21 to $18, around $800K

May 12th, 2016

Advanced Auto (AAP) large opening sale of 1,000 January $155 puts for $16.90 today, company reporting on 5-19, willing buyer at the January/February lows. AAP also with 1,000 May $155 calls bought to open Monday afternoon $3.70 to $4.05

Regeneron (REGN) buyers of 1,250 June $340 puts for $8.40 to $8.60 this morning to open, sizable buys with shares on the lows of the day. REGN shares have traded in a narrow range under $420 since early February and nearing support break with biotech weak recently

Monsanto (MON) higher by 9.5% after reported interest from Bayer and trader opening 1,750 July $105/$95 bull risk reversals here for a $0.10 credit. Monsanto (MON) large spread sells 10,000 October $85 puts to open $2.75 to buy 10,000 October $105/$130 call spreads to open at $4.65. MON now with 5,000 July $105 calls at $3.65 to open, above the offer. MON another 1650 July 105 calls bought $3.75 offer now

May 10th, 2016

Best Buy (BBY) buyers of 1,950 June $33.55 calls for $1.22 to $1.25 to open into earnings in late May. BBY shares are moving back above the 50- and 200 MA today

P&G (PG) with a buyer of 1,050 July $85 puts $3.20/$3.25 with shares back near resistance, a name that posted weak results compared to peers in this latest quarter

Crown Castle (CCI) trades 1,800 January 2017 $95/$80 bull risk reversals to open at a $0.20 credit, name with bullish LEAPS action late last week. CCI strong to highs now trading 2275 of the risk reversals

May 4th, 2016

Alibaba (BABA) and Baidu (BIDU) trading similar spreads this morning to open. BABA seeing the May 27th (W) $77.50 and $80 calls each sold to open 5,000X while the June 3rd (W) $77.5 and $80 calls bought to open 5,000X. BIDU is seeing the May 27th (W) $180 and $185 calls sold to open 2,500X with the June 3rd (W) $180 and $185 calls bought to open 2,500X.

Xilinx (XLNX) large spread buys 3,375 January 2017 $44 calls to open $3.17 to $3.18, look to be rolling back 1,950 of the $50 calls at $1.01 while 1,375 June $43 calls trade $1.35 as well. XLNX shares basing near $43 after being hit on earnings, a name with some sizable put sales in OI

Anheuser Busch (BUD) trades 5,000 June $15 calls $0.80 offer and 5,000 September $140 calls $1.90 to $2 offer. BUD now with a buyer of 10,000 September $145 calls $1.45 and 10,000 December $155 calls at $1.35 as well

May 3rd, 2016

Macy’s (M) with 3,500 May $38.50 puts bought to open for $1.10 to $1.15 in a sweep, reports 5/11 and shares breaking down of a bear flag today under $39 as it coils under the 50-MA

Lincoln National (LNC) with 5,000 May $42.50 puts being bought to open ahead of earnings tomorrow $1.40 to $1.57, look to be closing around 3K May $40 puts

LyondellBasell (LYB) buyer of 10,000 June $77.50 puts for $2.00 to $2.05 as 5,000 of the $87.50 puts are closed at $6.80 on the PHLX. Shares weak since earnings in late April and under the 50-EMA on Friday. Under $81, shares have room back to major volume shelf at $78

May 2nd, 2016

General Dynamics (GD) buyer of 7,000 November $150 calls at $4, rolls out of 4,000 November $140 calls at $8.60 to $8.70

Caesarstone (CSTE) up sharply from earlier May $37.50 call buys 700X at $2.05 and now trading over 1,500 up to $2.35. CSTE will report results 5-4 and reports from Calcalist on 4/12 that Sdot Yam Kibbutz is considering selling its entire stake.

Maxim Integrated (MXIM) shares have pulled back after a solid earnings report and trying to bounce on the 20 week EMA $35.50, a buyer of 1,000 June $37 calls here for $0.90, seen as a potential M&A target
April 26th, 2016

Pioneer Natural Resources (PXD) shares 7.1% higher after reporting results last night and seeing unusual action in January 2018 with 2,990 of the $100 puts opening with sales in the $7.20 to $6.40 range, and 3,690 of the $220 calls opening with buys in the $12.11 to $13.50 range. PXD shares with a big move out of its monthly wedge in March and continuation, nearing monthly cloud break

Whirlpool (WHR) shares rebounding off the early lows and 1,000 June $180 calls are bought to open here for $4.90 to $5. WHR profits have been hit with FX headwinds the last two quarters but positive commentary today as management sees them subsiding in the 2H. WHR guided to $700-800M in FCF for the year, in-line with recent comments.

April 22nd, 2016

Nike (NKE) seeing sizable early put buying with 7,000 July $62.50 puts bought $4.10 offer to open and also trading 10,000 July $57.5 puts $1.68 to $1.70

Visa (V) trading a massive spread following earnings as 20,000 each of the May $81 and June $82.50 calls are sold to open net $0.87 credit, and the January 2018 $100/$120 call spread is bought 20,000X to open $2.40

Heartware (HTWR) with 1,000 December $35 puts trading $7.10 to open at the PHLX, earnings on 5-4 and is 9X daily put volume.

Baidu (BIDU) buyer of 1,000 April 29th (W) $197.5/$215 call spreads $4.40 for earnings 4-28, closes 1,000 weekly $190 calls $2.30

April 18th, 2016

Chart Industries (GTLS) moving to multi-month highs, a name closely tied to the Energy industry, and an opening sale of 2,500 June $22.50 puts today for $1.45, rolling out from May $22.50 puts

Signature Bank (SBNY) opening action for 1,000 May $135 puts sold to open $2.15 to $1.95 ahead of 4/20 earnings, shares nearing a move out of a large bottoming pattern

Intercept (ICPT) strategists putting on 400 May $170/$130 bull risk reversals this morning at net debits, shares consolidating after a recent breakout above $130 coupled with positive data

China Biologic (CBPO) with 450 July $135 calls bought to open at $5.10 this morning, earnings in early May. The $2.36B Co. trades 23.55X Earnings and 50X FCF with 20%+ EPS growth. CBPO call action is nearly 25% of total call open interest today, unusually active

April 15th, 2016

St. Jude Medical (STJ) unusual buyer 940 July $55 calls $4.80 to open at the CBOE, earnings on 4-20, shares breaking out above $57 earlier this week with room to $60

Endo Pharma (ENDP) with 1,350 May $27.50 calls aggressively bought $2.70 to $3 as IV jumps, rumors earlier this week of potential Allergan (AGN) interest and ENDP skew now showing a bullish bias. ENDP saw more than 5,000 May $35 calls opened this week as well

Dollar General (DG) buyer of 2,000 May $82.5/$75 put spreads at $1.63, shares trying to hold support but a move back to the 50 day EMA at $80 may be in order

April 13th, 2016

Shire (SHPG) aggressive buyers coming into June $215 OTM calls at $4.11 to $4.60 for over 1,675 contracts, a name seeing constant bullish options positioning including numerous risk reversals. SHPG up to 2,785 of the June $215 calls now trading with buyers paying up to $4.50. SHPG also with big buyers of 400 August $195 calls at $14.90 offer to open when bid-ask was $11.70-$14.90, aggressive

GlaxoSmithKline (GSK) with 2,000 January $45 calls bought for $1.35 on the AMEX, potential breakup scenario has been discussed and CEO transition schedule

Urban Outfitters (URBN) buyer of 3,500 May $30 puts for $1.63, rolling down from the $32 puts which close at $2.67 and shares showing relative weakness the last two weeks

Progressive (PGR) buyer of 6,000 May $34 puts at $1 to open, closes April $35 puts 3,000+ at $1.10, shares lower after posting a very weak EPS number

April 12th, 2016

Coca Cola (KO) with buyers of 10,000 May $46 calls, buyers aggressively paying up to $1.32 offer here with IV rising and looks to be adding to open interest. The company is set to report in mid-April although unconfirmed. The WSJ reporting recently the company is looking for a quick sale of their U.S. manufacturing and distribution businesses.

PayPal (PYPL) buyer of 2,000 May $39 calls at $1.35 here into weakness

Ariad Pharma (ARIA) shares running this morning with 2,895 June $7 calls bought at $0.55. On 4/11 the Company initiated its Phase 3 trial of Brigatinib of ALK-Positive Non-Small Cell Lung Cancer.

April 11th, 2016

Emerging Markets (EEM) big buyers of 30,000 September $36.50 calls $0.78 this morning, positive correlation with metals/Energy

Qlik Tech (QLIK) opening buyer of 1,500 August $33 calls for $1.80 on the AMEX, rolling out of May $33 position which closes at $0.50, name which Elliott Management has a large stake in and pushing for a takeover by someone such as IBM or Oracle

JC Penney’s (JCP) sizable purchase of 10,000 August $12 puts to open $2.72 offer at the PHLX, shares fading under the 50 day EMA today after sliding all last week

Greenhill & Co. (GHL) a bearish looking chart and unusual buys of 700 September $20 puts to open at $3.30 to $3.40

April 1st, 2016

Memorial Resources (MRD) unusual buys of 3,500 August $12.50 calls to open $0.65 to $0.70 after 1,400 opened yesterday, trading 40X daily calls today. MRD shares have been basing along the $9 level but have not rallied much with other Energy names, a name with 13% of its float short. MRD will present at IPAA OGIS Conference on 4-11. Raymond James upgraded shares to Strong Buy back on 2-25. MRD is expecting key drilling results in 2H 2016 after Q2 drilling as a catalyst, a name with Cotton Valley exposure and has some of the best ROR wells in the US. The $2.1B Co. trades 43.9X Earnings and 2.52X Book.

Agrium (AGU) with a large sweep buy of 1,500 July $80 puts at $2.40, trading 4X daily puts. AGU shares are down sharply with Corn the last two days and broke back under its 50 day MA after failing to sustain much of a rally.

Eli Lilly (LLY) big buyer of 1,000 January 2017 $80 OTM calls $3.70 to $3.85 with shares trading $72.40, plenty of catalysts this year with Alzheimer’s data late this year the most important

March 30th, 2016

Chemours (CC) with 2,250 May $7.50 calls being bought $0.85 to $1, 8X daily calls, a name with plenty of insider buying during its early 2016 struggles. IV is climbing sharply with the action, shares tightly coiled. The $1.3B performance chemicals Co. trades 5.5X Earnings, though a very levered balance sheet.

Mercado-Libre (MELI) with a buyer of 2,000 May $130 calls at $3.40 to open at the PHLX, appears to close 1,000 June $125 calls $5.90 and 2,000 June $130 calls at $4.20. There was a positive note overnight on new tax rules preserving MELI’s small seller advantages.

Visa (V) with the June $75 calls bought for $3.60 offer, 1750X, looks to be adding to open interest and shares breaking out past key resistance yesterday. V is awaiting EU clearance for their acquisition of Visa Europe, a positive catalyst or shares. Visa (V) now with the April 29th (W) $77 calls bought for $1.77 offer, 3000X notable bullish flow today

March 29th, 2016

Maiden Holding (MHLD) trading 35X daily calls as 3,000 November $12.5/$17.5 call spreads bought to open $1.30 at the PHLX, a name that makes an attractive M&A target (CRM) with a buyer of 4,000 May $75 calls for $1.93 to $2.02 into weakness this morning, appears to be rolling out of the April $72.50 calls

Fire-Eye (FEYE) with 1,000 April 29th (W) $17.50 calls $1.20. FEYE on day highs and trading over 2,000 of those April 29th (W) $17.50 calls on the day now

Google (GOOG) with 3,500 June $750 calls bought to open in the $25.57 to $25.88 range, rolling out a large position in April $745 calls

March 23rd, 2016

Nvidia (NVDA) with 2,500+ April $33.50 calls bought here $1.46 offer to open

Northrop Grumman (NOC) with 1,000 April $190 calls trading $6.40 to $6.50, strong chart with shares near new highs

Deere (DE) with 5,000 June $75 puts bought $1.90 to $1.95 with over 9,500 already in open interest, shares breaking down out of its uptrend that started with the January lows as the Ag trade weakens with the USD strength. DE has 11.95% of its float short, near a record high.

March 22nd, 2016

Shire (SHPG) seeing bullish action once again with more than 1,500 July $200 OTM calls bought to open at $5 to $5.35 and even seeing action in October $225 and $235 far OTM calls

Union Pacific (UNP) buyer of 1,000 November $85 calls to open $4.60 at the PHLX, rolls from August $82.50 calls, and after the earlier buy of 1,500 January 2017 $85 calls at $5.25. UNP saw a bullish spread yesterday when 1,000 April 29th (W) $80 calls bought $5.40 against the sale of 1,000 November $70 puts at $2.22.

Western Digital (WDC) with more than 5,000 July $55/$62.50 call spreads opened for $1.76 against a sale of more than 4,000 October $35 puts at $1.77 to $1.78

March 21st, 2016

Kroger (KR) with 1,490 May $40 OTM calls seeing some unusual opening buys this morning at $0.60. KR presents at the TAG Conference tomorrow and has been a name linked to The Fresh Market (TFM) which is in a “Go-Hop” period

Home Construction (ITB) lower today after disappointing home sales data this morning, but an unusual large block of 51,000 January 2018 $35 calls traded $1.20 to $1.25 to open with bid-ask sitting $0.80-$1.45. The top holdings are DHI, LEN, NVR, PHM, TOL, HD, CAA, LOW, TPH and SHW.

Schlumberger (SLB) with 1,250 April 29th (W) $73 calls opened this morning in a stock replacement, shares very coiled under the 200-day MA. SLB also seeing unusual action in April 29th (W) calls with 3,500 of the $73 calls bought ITM in the $3 to $3.20 range, many spreading against the $79 strike calls in bull call spreads

March 18th, 2016

SM Energy (SM) large opening sale of 6,000 August $20 puts at $4.60 at the PHLX, also tied to 234,000 shares as it appears to be a stock replacement via put sale

Anadarko Petro (APC) with a buyer that comes in for 5,000 May $55 calls at $2.07 at the ISE, after earlier XOM chatter and a name that has been strong with a lot of call buying

Mead Johnson (MJN) buyer of 2,000 April $85 calls at $2.48, closes 1,000 April $80 calls at $4.56. Shares gapped higher earlier this week on talk of potential interest from Danone or Nestle

March 17th, 2016

Emerson (EMR) big sweeps of April $52.50 calls at $0.95 offer and already has sizable April $50 calls in OI

Valero (VLO) buyers of 1,400 April 22nd (W) $62 puts to open $1.68 to $1.80 and volume jumps above 3,000 with buyers up to $1.83

Air Products (APD) buyer of 1,229 June $140 calls $7.10, rolls out of March $130 calls $11, strong move today with news it is exploring a $3.5B+ sale of a unit

March 16th, 2016

S&P (SPY) large sweep buys of 36,000 April 29th (W) $197 puts at $2.80 to $2.82, a $10.1M purchase.

Roper (ROP) Tech trade opens 800 May $175 puts at $5.60 at the PHLX with a wide bid-ask of $5.20-$6.50, trading more than 10X daily puts. ROP is a name that has been a leader for a long time, but coming off its first disappointing quarter in awhile.

Alibaba (BABA) buyer of 5,000 April $72.5/$80 call spreads at $2.44, trader rolls out of March positions

March 15th, 2016

Cavium Networks (CAVM) buyers of 1,400 April $55 puts at $1.05, a name hit hard in February when Tech growth sold off sharply. CAVM also with 15 September $55 puts bought and now 1,500 April $60 puts at $2.65. CAVM now with another 500 April $60 puts bought, a name with short interest at 13.4% of the float, a 3 year high (CTRP) buyer of 2,000 April $41 calls at $2.75/$2.80 to open ahead of 3/16 earnings, a name that has moved sharply higher on results the last 4 reports

International Paper (IP) earlier with 1,000 April $39 puts bought $0.83 to $0.90 and now trading over 3,000 of these contracts, buyers paying $1.08 to $1.15 for the last few large lots

March 14th, 2016

Electronic Arts (EA) buyer of 1,030 April $65 calls $2.20 offer at PHLX, also had a sale of 2,000 September $57.50 puts at $3.65 to $3.50 on 3-9.

Stryker (SYK) buyer of 1,000 April $105 puts $2.35 to $2.50 to open, an extended name, but a lot of March puts in OI set to expire. SYK trading over 2,000 of the April $105 puts now with buyers paying up to $3.10, strong spike in IV

Marriott (MAR) with a buyer of 2,000 April $70 calls for $3.01 on the ISE as a position in the March $67.50 calls closes. The company is currently attempting to buy Starwood (HOT) who received an unsolicited $76 offer from China’s Anbang Insurance this morning.

March 11th, 2016

Activision Blizzard (ATVI) buyer of 5,500 April $31 calls at $1.61, closes out 3,550 March $28 calls $3.80. ATVI now also seeing 1,000 April $32 calls opening up to $1.15 offer, strong name on the highs

Ascena Retail (ASNA) seeing buyers of more than 3,000 April $10 calls for $1.15. ASNA has been very strong off the February lows and shares being bought following earnings despite ugly guidance for Q1.

Yahoo (YHOO) shares consolidating below the 200 day MA and yesterday saw more sizable bullish positioning in May calls with the Company exploring strategic alternatives. A spread today sold 1,000 July $28 puts to buy 1,000 July $37/$42 call spreads

March 9th, 2016

Factset Data Research (FDS) large opening buyer of 1,000 April $160 puts for $7.00 to $7.20 this morning in a sweep. Shares have bounced back near the 200-day MA ahead of results on 3-15.

Radius Health (RDUS) seeing October $40/$35 bull risk reversals open today for around 480X at zero cost to a small credit, stock strong today

Teck Resources (TCK) with 15,000 April $8 puts bought to open $1.26 in a massive sweep, a metals name that has rallied above its 200 day MA and more than 100% from January lows, traders now expecting a pullback

March 8th, 2016

Solar City (SCTY) buyers of 1,250 April $26 puts at $6.75 to open with shares 6.5% higher on the Whole Foods news, and action continued up to $7.20 buyers as more than 2,000 contracts traded

Monolithic Power Systems (MPWR) weak today and trading 20X daily puts as 1,000 far OTM June $50 puts are bought $1.60 to $2 to open, a name with 1,300 June $55 puts in OI from former buys.

United Continental (UAL) with 5,000 April $60 calls bought to open as the April $62.50 calls are rolled back, buyers paying $1.01 for the $60 calls. Shares are down 2.45% this morning and touching the 200 day MA on lows as potential support. It was announced this morning that PAR Capital and Altimeter Capital which combine own 7.1% of UAL are fighting for 6 board seats as the activists look to unlock shareholder value.

March 7th, 2016

Bristol Myers (BMY) trades 2,000 June $65 calls at $3.60 offer, already over 6,600 in open interest, a name breaking out of a 6 point bottoming pattern that targets a move to $71

IBM (IBM) with 2,300 July $155 calls bought $1.47 offer to open, follows recent bullish action since late February including 10,000 October $165 calls bought late on 3-3. IBM shares have cleared a long trend line and above its 20 week EMA as growth initiatives show strength.

Caterpillar (CAT) with 2,000 May $75 puts bought $4.95 to $5 after 2,000 were opened Friday afternoon

Kraft Heinz (KHZ) buyer of 4,700 July $75 calls at $4.30, rolls out of March $75 calls $1.90

March 3rd, 2016

Nike (NKE) with a buyer of 7,500 March $62.50 calls for $0.66 to $0.70, shares pulling back to the 50-day MA today after a big run off the February lows. Earnings expected in mid-March but unconfirmed as of now.

Kellogg (K) with a buyer of 1,100 June $75 calls at $3.00 with IV climbing as shares near breakout of recent range and holding prior resistance

Sea Drill (SDRL) buyer of 2,370 July $3.50 calls at $0.75. SDRL July $3.50 calls jump to 10,000X and 2,650 of the July $3 calls bought at $1 as well

Novo Nordisk (NVO) with an opening sale of 1,000 April $55 puts $1.50 this morning with shares up 7% on strong drug data, and also a buyer of 1,000 June $50 calls at $3.80 to open yesterday

March 2nd, 2016

BHP Billiton (BHP) with 5,000 August $21 puts bought to open $1.95/$2, shares trading $24.50 with a strong trend off January lows at $19

Alnylam Pharma (ALNY) big buyer of 1,500 September $100 calls $2.55 to $2.65 to open with shares trading $61.80. ALNY recently completed enrollment in its APOLLO Phase 3 study with patisiran, an investigational RNAi therapeutic targeting transthyretin for the treatment of TTR-mediated amyloidosis in patients with familial amyloidotic polyneuropathy. ALNY will not present the data until 2017. CSFB was out on 1-20 with a $154 target on ALNY, noting an early-stage pipeline poised for sustained growth with meaningful catalysts over the next 12 months. Sanofi also recently expanding their stake in the company raising talk of a possible acquisition and the company recently noting their interest in M&A last week

Hershey (HSY) early morning buys of 1,500 May $100 calls near $1 and trading 4,650 of these contracts now on the day, paying up to $1.23. The May $100 calls originally traded 5,000X to open $0.75 to $0.77 back on 11-18-15 and remain in OI.

March 1st, 2016

Medtronic (MDT) opening sale of 5,000 April $70 puts $1.10 to $1.08 with shares down 4.6% after earnings

Automatic Data (ADP) with unusual buys of 970 March $85 puts to open $1.60, comes ahead of tomorrow’s ADP Employment Report. ADP puts now jump to 2,500X paying up to $1.70.

Dorman Products (DORM), a $1.76B Auto Parts Co., seeing unusual buys of 730 August $50 puts today in the $4 to $4.50 range, shares up near multi-month highs

WhiteWave Foods (WWAV) trade buys 5,000 July $45/$50 call spreads at $0.90, potentially adding to the 5K in OI as shares move above its 20 week EMA into some space

February 29th, 2016

BioMarin (BMRN) buyer of 750 May $100 calls at $3.10 to $3.20 with Sanofi targeting rare disease acquisitions

Yum! Brands (YUM) sizable buy of 10,000 March 24th (W) $74.50 calls to open $1.50 to $1.62, name with sizable bullish flow all last week as well and breaking out today

Barrick Gold (ABX) with 10,000 April $13 puts bought to open at 0.87, seeing a few large put buys in the Gold Miners that rallied sharply earlier this year on a flight to safety trade

Accuity Brands (AYI) some bearish flow with 600 April $210 puts bought to open at $12.40 to $13, earnings at the end of March.

February 25th, 2016

Arista Networks (ANET) shares dropping with 1,000 April $70 puts bought in an aggressive sweep from $5.30 to $6.00 with IV spiking, name recently posting a strong quarter but undergoing a long patent litigation with Cisco Systems

Wyndham Resorts (WYN) with 1,100 May $70 calls bought to open $5.20 to $5.30 as March $65 calls are rolled out after a large profit, the whole Hotel group moving strong out of large bottoms and above 20 week EMAs. WYN now seeing 3,000 March $72.50 calls rolled up to the $75 strike which open at $0.95

Stryker (SYK) buyer of 5,000 March $100 puts to open $1 to $1.05, rolls out of March $97.50 puts. SYK now seeing 1,400 June $97.50 puts bought for $3.10 offer, shares rolling off the highs

Fed-Ex (FDX) sweep buyer 5,000 March $145 calls at $1.21 to $1.25 as shares push above its 50 day EMA. Fed-Ex (FDX) now with a large sweep buy of 700 July $140 calls at $7.75

February 24th, 2016

Microchip (MCHP) with 2,000 April $44 puts bought to open $2.40 to $2.55, comes after call buying yesterday though large March ITM puts remain in OI

United Kingdom (EWU) ETF with an unusual buyer of more than 3,000 July $14 OTM puts at $0.80 offer, likely playing for Brexit fears

Western Digital (WDC) buyer of 4,100 October $45/$60 call spreads at $3.90 and sells 4,100 October $35 puts at $3.65 to partially finance the trade, bull covered risk reversal following the loss of the Unisplendour investment, but proceeding with the SanDisk (SNDK) deal

United Technologies (UTX) on the highs, up 2.3% and above levels from Monday when news broke of a potential tie-up with Honeywell, and a buyer steps in here for 1,000 April $100 calls for $1.50 on the ISE.

February 23rd, 2016

GATX Corp (GMT) with 2,000 June $35 puts bought to open at $1.80, trading 20X daily puts. GMT is a name with 20.7% of its float short, a record high. The $1.76B Co. trades 8.35X Earnings and 1.35X Book with a 3.85% yield, but a lot of debt, and exposed to the rail car industry where we have seen recent negative read-throughs.

American Railcar (ARII) buyer of 2,000 June $30 puts for $2.45 on the AMEX, more than 15X average put volume. Shares cut to underweight at BB&T recently which sees the rail-car cycle rolling over with declining annual deliveries already showing signs of weakness.

Monolithic Power Systems (MPWR) with a buyer of 1,000 June $55 puts from $4.50 to $4.70 offer, sizable trades with IV30 up 20% and shares nearing a major breakdown.

Children’s Place (PLCE) jumping near recent highs but 1,440 April $65 puts bought to open at $3.20 to $3.40, comes ahead of Carter’s (CRI) earnings. The $1.3B retailer is trading at key $66 resistance ahead of early March results and has seen short interest grow to 13.73% of the float.

February 23rd, 2016

Methanex (MEOH) opening buy of 1,000 April $32.50 calls at $2, trading 4X daily calls. MEOH has moved off a possible bottoming base and the $2.77B Company is cheap at 11.5X Earnings, 1.6X Book with a 3.58% yield.

VMware (VMW) buyer of 2,500 April $45 puts $1.57 to $1.60, also has over 10,000 April $42.50 puts in open interest

American Air (AAL) with 3,050 next week $40.50 puts bought to open at $1.11 to $1.16, shares reaching the 20 week EMA yesterday and retesting the support break from January

Schlumberger (SLB) buyer of 5,000 March $70 puts from $1.04 to $1.09 with shares on the lows, looks to be adding to more than 6900 in open interest

February 22nd, 2016

Clovis Oncology (CLVS) trading 1,000 April $22.50 calls to open $2.05 to $2.70, contracts being bid higher. CLVS has earnings scheduled for 2-25 and has seen short interest surge to 31.1% of its float. Janney started shares a Buy with a $50 target on 12-17, expecting approval of its two lead oral cancer drugs in 2016. Kyle Bass was out in November after shares tanked and said he has a $45 base case and $90 bull case,

Abbott Labs (ABT) with a buyer of 1,750 May $39/$37 bull risk reversals for $0.65 debit with shares moving out of a base. Shares upgraded to Buy on 2-5 at Argus following deal for Alere.

Express Scripts (ESRX) with a large opening buy of 1,000 August $67.50 puts at $5 at the CBOE. Deutsche Bank cut shares to Sell this morning with a $61 target citing risk to EPS revisions

Murphy Oil (MUR) with buyers of 3,500 March $15 puts for $0.80 with shares nearing a big breakdown

February 19th, 2016

Seagate Tech (STX) early buyers of 2,000 March $34 puts at $2.70 to $3.15, aggressive bearish action for a name with sizable OTM September puts bought in the past week

Parker Hannifin (PH) trading 1,500 March $100 puts at $3.70 to $4, aggressive buys with over 2,000 already in open interest from former buys

Solar City (SCTY) with 3,000 April $19 puts bought for $3.25 offer, name where every rally following earnings has been sold into and bearish put buying continues to accumulate.

United Continental (UAL) spread buys 6,500 September $50/$65 call spreads and sells the $45 puts to open, net $3.40 debit for the bullish covered risk reversal. UAL raised its buyback earlier this week.

February 18th, 2016

IBM strong with Morgan Stanley upgrade and $2.6B acquisition and seeing over 5,000 of next week $135 calls bought early $0.58 to $0.68. IBM on highs and now trades a block of 4,100 March $135 calls $2.35

Starwood Hotels (HOT) lower after earnings but buyers quickly come in for over 5,000 March $65 calls at $2.79 to $2.95. HOT is in the process of merging with Marriott (MAR).

Car-Max (KMX) buyers of 1,125 March $47.50 puts today at $2.20 to $2.45, shares up strong the last 3 days but have 8,000 March $42.50 puts in open interest (5,000 spread vs. $37.50 strike), and will report earnings near March OpEx.

Costco (COST) weak today and on lows here with 3,000 March 4th (W) $145 puts being bought to open at $2.51 to $2.79, targeting earnings on 3-2

February 17th, 2016

Community Health (CYH) buyer of 3,500 September $11 puts to open $1.40, aggressive on wide bid-ask after shares were hit hard on earnings yesterday

Helmerich and Payne (HP) aggressive buyer of 725 September $55 calls at $6.50, and also trades 1,500 March $55/$45 bull risk reversals at $0.90.

Shutterstock (SSTK) opening buys of 1,250 March $30 puts at $2, aggressive buys for 2-24 earnings

Cerner (CERN) opening buy of 5,000 March $50 puts at $1.40 as shares bounced off lows post-earnings, trader looking for more downside

February 16th, 2016

Laboratory Corp (LH) with 1,100 May $100/$90 put spreads bought this morning for $3.00 to $3.05 ahead of 2-18 earnings, although name which has closed higher three of the last four reports.

Abbott Labs (ABT) with a buyer of 1,000 May $37 calls for $2.37 on the ISE, shares on the highs and trying clear recent base following earnings. The company recently announced mixed earnings, all of their business segments showing weakness, but also a $5.8B deal for Alere (ALR).

Mead Johnson (MJN) IV jumping with 2,000 March $80 calls bought to open $1.45 to $1.48, name with a lot of bullish call buying and inverted IV Skews

Devon Energy (DVN) will report after the close and buyers active for over 9,000 April $17.50 puts to open $1.69 to $1.71, a name already with massive short and long term puts in open interest, and nearing a break of key $20 support, one of many Energy names that could have credit issues

February 11th, 2016

Axiall (AXLL) now trading 2,000 February $20 calls to open from $1.00 to $1.25 offer, shares jumping to the highs from the early action. AXLL recently received a $20 cash offer from Westlake Chemical (WLK) which it rejected. The company is being pushed by Brigade Capital to accept the offer and some lingering thoughts a competing bid could emerge. Axiall (AXLL) now with a buyer of 3,000 May $20 calls to open at $3, aggressive purchase

Starbucks (SBUX) IV jumping with 3,500 February $52 puts bought to open near $0.57, looking for a breakdown of recent lows into next week with longer term support down at $48.50

CVS Health (CVS) IV rising with buyers of 3,000 February $91 puts paying $1.25 to $1.45, shares bounced back from an earnings sell-off, but now traders looking to fade the bounce

Orbital ATK (OA) with 1,000 March $80 puts bought for $3.45, rolling out of a position in the February $85 puts which close at $3.80. Shares rolling over and a big head and shoulders pattern forming with a move under $84 measuring down to $74.

February 10th, 2016

Industrials (XLI) large buyer of 40,000 September $44/$30 put spreads at $1.46 yesterday. Top holdings GE, MMM, HON, BA, UTX, UNP, UPS, LMT, DHR, GD

Apple (AAPL) trades the May $100/$110 call ratio spread 10,500X21,000 at $1.36 debit at the PHLX

Mosaic (MOS) with a couple large bearish trades, buyer of 1,000 September $24 puts at $3.95 and 800 September $19 puts at $1.65, earnings before the bell tomorrow

Westinghouse Air Brake Tech (WAB) with 2,000 February $65 OTM calls bought to open at $1.43 to $1.65, targeting earnings on 2/18, shares basing in a tight range the past 3 weeks. WAB shares closed lower last quarter on results, snapping a streak of 5 straight with gains. The $5.85B supplier to the rail industry trades 13.8X Earnings, 1.77X Sales, and 13.83X FCF with a 0.53% yield and healthy balance sheet, but has also seen short interest surge to 14.7% of its float, a record high, so these calls may simply be short protection.

February 9th, 2016

Phillips 66 (PSX) with 3,000 March $75 puts bought to open $4.16 to $4.20, a name with over 10,000 February $75/$70 put spreads in open interest

Discover Financial (DFS) with 1,000 March $42.50 calls bought $3.35 to $3.40 as shares jump. OpCo with positive comments last week on strong balance sheet and rising loan growth.

DCP Midstream (DPM) trading 15X daily puts as 2,000 April $15 puts are bought to open $1.35 to $1.45

ARM Holdings (ARMH) large buy of 7,260 March $41 puts at $3, rolls out of February $41 strike ahead of earnings tomorrow morning

February 8th, 2016

Ulta Salons (ULTA) with a buyer of 1,000 March $150 puts bought for $8.00 offer on the ISE, sizable buys with shares down sharply recently from a big range and nearing the August lows.

ActiVision Blizzard (ATVI) with 2,000 weekly $29.50 calls bought $1.35 to open and 5,000 of the weekly $31 calls at $0.66 to open in a large sweep, ahead of 2-11 earnings. ATVI has closed higher each of its last 10 earnings reports.

Alliance Data Systems (ADS) buyer of 1,500 March $180 puts for $9.00, rolling down from a position in the $220 puts opened in late January which closes at $38

Celanese (CE) buyer of 2,500 February $55 puts $1.70 to open at the PHLX, closes 2,000 of the $57.50 puts at $2.90, shares breaking down hard today

February 4th, 2016

Caterpillar (CAT) opening buy of 5,000 May $62.50 puts at $3.65 mid-market at the CBOE, a name rallying with Industrials, though the fundamental outlook remains very weak

Boston Scientific (BSX) opening buy 2,500 May $17 calls $1.14 offer with shares at day lows following earnings, down 4.6% but back at potential support

Target (TGT) with an opening buy of 4,000 February 26th (W) 65 puts this morning, as well as 1,500 of the $70 puts at $2.19, looking for weakness on 2-24 earnings after the Kohl’s (KSS) nasty warning this morning

Service Now (NOW) big bearish flow as 5,000 May $50 puts are bought $2.35 to $2.50 to open, shares hit hard on earnings and still down...