Options Flow Alerts – Friday 7/20

July 21, 2018 0 Comments

The SPX barely held 2800 Friday. Just barely. You know big money wanted it above that key level. We did a day trade and sold the 2800/2790 SPX PUT SPREAD and collected 190. I bought it back for a 50% win, but had I held it would have expired worthless. But who wants the stress of holding through that pullback. We did so a quick in and out SPX call trade in the 100k Trading Challenge.

The following are some unusual option flow we saw:

OPTIONS ALERTS – 7/20/18

CWH – AUG 25-30 CALL spreads hit the tape. Captures ER.
PVG –
DEC 6 Puts hit heavy on Friday.
WSM –
4X expected calls. AUG 67.50 and AUG 65 most active.
BAC –
Biggest option play of the day. Buyer closed huge call position rather than roll.
GE –
SEPT 15 calls see interest for a third day.
FIT –
2x number of calls. AUG 7 and AUG 8 most active.
CLF –
6x number of calls. Calls outpace puts 4:1
RS –
Call buyers ahead of ER next week. AUG 100 calls.
CRTO –
2X number of calls. AUG 35 and JULY 32.50 most active.
HES –
Call buying ahead of ER next week. AUG 10 75 calls hit hard.
UNIT –
Bearish Flow. 2x number of PUTS. AUG $10 most active.
TRCO –
Bullish flow. 178X expected number of calls. JAN 19 35 calls most active on calls side.
VKTX –
3x number of calls. JULY 10 calls and AUG 12.50 calls.
EXPE –
Bearish flow in EXPE. 7x number of puts. 8/3 weekly 120 Puts
XLF –
Upside call buying again.
EEM –
Active trading. We will be doing an EEM trade next week.
GT-
Bearish flow. 2x number of puts traded. AUG 21 and 7/27 22.50
AN –
OCT 45 PUTS hit at 1.53
F-
Heavy trading in F. Expect a trade next week.
IEF –
Bullish flow. Playing an increase in 7 to 10 year bond fund. This has my interest.
SVU –
bearish flow. 17x expected PUTS. AUG 21 and July 22 Puts.
TSLA –
3k TSLA AUG 100 puts bought for 19 cents. < Crazy? Or could it happen.
AAOI –
Bullish flow. 1.3X number of calls. July 42 and 7/27 45 calls.
FCAU –
Bearish flow. 7x number of puts. AUG $18 PUTS and dec $20 Puts.
QQQ –
Second day of trading in AUG 24 PUTS. 20k+ 166 for 73 cents. 166 and 165 puts as well.
NYCB –
Bearish flow. 15x normal put volume. $11 puts for .25 and OCT 11 puts at 40 cents.
LOW –
Bullish flow ahead of LOW. 1.8x number of calls.
TSN –
PUTS active on Friday. AUG 62.50 @ 1.25

STOCKS THAT HAVE MY INTEREST INTO NEXT WEEK (TRADES POSSIBLE): TSN, QQQ, SVU, EEM, EXPE, HES, and FIT.

If you are a member of the Private Trading Group you can expect a trade on several of  these stocks next week. One of the criteria that we use for entering a trade on a stock is that we need to see options flow that matches our bias based on technical charts. A recent win we had was DHI calls. Held overnight for a 50% win.

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