High-end retailer Saks (SKS) saw heavy opening call buying yesterday- possibly a play to some of the retail sales data that came out this morning, but the use of longer dated contracts suggest a view into the summer. Buyer paid $0.70 to $0.75 for a total of 10,000 August $12 calls to open a new position struck 5.7% out of the money and just above the 52-week high of $11.97.
Shares of Mortgage insurance company, MBIA (MBI) (and also peers (GNW), (RDN)), have had a busy week with a jump in share prices and bullish flow in the options. MBI Saw buyers of March $15 calls and implied volatility spiked nearly 8 points to 78%.
Green Mountain Coffee Roasters (GMCR) has provided much excitement in recent year as their K-cup patent saga and share ware with Starbucks (SBUX) has played out. Shares bottomed off a $17.50 level last summer and have had a strong rally to the $50 range in just a few months. Option flow on Wednesday moderate and calls outnumbered puts more than 2:1 with buyers of April 55calls leading the action.
In ONEOK (OKE), we saw one large institutional player said Okey Dokey (sorry) to a large upside position in this thinly traded natural gas name on Wednesday, setting a size record and increasing open interest by a factor of 5.
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