Apple leads the way in my report on Weekly’s. The highly anticipated new product launch is next Tuesday.
Today, I’m covering weeklys set to expire this Friday and next Friday, September 12th.
It’s been a wild week for Apple (AAPL) traders. The stock is now trading below $100. Some people say it’s profit taking ahead of next week’s product launch, others say Samsung’s big reveal this week of its new products worries investors. Either way, its creating super-sized action in the options paper this week. Traders love to play the wide range moves in the stock and the fast changes in premium prices as the stock becomes the most volatile it’s been in a while. Today in Apple weekly options there’s a decent sized bulk buy in the 98 puts. But, call buyers are emerging at the 99 and 100 strikes. In traditional options (9/19) there are traders buying 105 calls. One popular play in AAPL is being long premium. Implied volatility for this week’s expiration is 44 and 43 for next week.
Also starting to move in the weekly options Home Depot. The home improvement retailer is dealing with a possible massive data breach.
As HD trades near $90 the 91 strike has a few call buyers and there are put traders in the 88 line. October traditional’s the 89 calls & puts are active.
That leads me to a security firm trading in the weeklys: Fireye. There’s just a smattering of
32 calls contracts. I think it’s just worth mentioning weeklys are available in FEYE, which has captured attention in the past.
Netflx is on a high this week. The stock is trading now at $480 and calls are active at 485.
As a side note, there are 500 and 510 traditional calls getting action.
Tesla, according to the Wall Street Journal is going to name Nevada as the location of its giant battery gigafactory. As that stock trades at $282, call positions are building at 285, 290 and 300. Puts are also in motion at 270, 272 and 277. Some traders seem to be setting up for TSLA to be a mover.
Gopro is exciting this week. The stock is trading around $55 as some analysts believe the 3-week rally maybe calming. That has traders in this week’s weekly options coming for 51, 53 and 55 puts. Some of that may be a put spread.
And, in SPX the 2,000 strike is generating interest by traders in the calls and puts.
Onto the list of stocks added to the weeklys: American Eagle Outfitters, Yamana Gold, Himax Technologies (in the digital camera business) Halcon Resources Corporation (independent energy company), Ciena, Kandi Technologies, Opko Health, Radio Shack, Banco Santander, Sandridge Energy and Weyerheuser.
Deleted names include: Actavis, Intuitive Surgical, Intermune and Pharmacyclics.
That’s a wrap for now. Thank you for watching and feel free to find me on Twitter: @Angie Miles