A few noteworthy block trades in QQQ options on the heels of the report seemed to be expressing confidence that the strength will continue through year end.
The recent pause in the broad market rally is a good thing for stock pickers, because option order flow in individual names becomes can be a clear 'tell' in terms of bullish and bearish picks of the larger institutions.
There are a few possible reasons why players are taking positions in December upside calls and why implied volatility in the options on the stock is moving higher as well.
Once options prices stabilize we'll be able to see just how strong the demand to get short TWTR may be.
One of the largest trades this year in Bank of America options printed on Wednesday, and one of the largest among all single-stocks YTD, excluding dividend trades.
It's worth a closer look at FB options flow to gain some insight into how the TWTR IPO is likely to play out.
Groupon is due to report quarterly results after the closing bell Thursday, and overall options flow seems to be expressing concerns that shares might fall on the results.
On the surface, the hefty trade in FB might seem like an outright bearish play.
As the demand for large institutional hedges has faded (for the moment at least), volume in the VIX trading pit has dropped off considerably.
Muddy Waters Research made a mess of NQ, sending shares to $10 from $23.