This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Names Seeing Bullish Options Flow

TheStreet Premium Services

A complimentary preview
of Options-Profits Previews

We saw a major spike in Charles Schwab (SCHW) April $18 strike calls on Wednesday as a buyer paid $0.35 for 10,000 contracts to open a new position struck 2.2% above current spot price. Shares touched a new 52-week high of $17.64 just a few minutes later, and the trade created the second largest block of call OI in the stock. Interestingly this buying comes on the heels of the large upside call buying noted in TD Ameritrade (AMTD) yesterday and last week.

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.

OptionsProfits can be followed on Twitter at twitter.com/OptionsProfits.

 
OKE Option Dashboard
Source: Trade Alert

 

OptionsProfits can be followed on Twitter at twitter.com/OptionsProfits

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

At the time of publishing, Henry Schwartz held no securities or issues mentioned.


Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs