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

Join Jill Malandrino of Options Profits and Greg Jensen of optionsANIMAL on Wednesday, March 27 at 6pm ET WEBINAR: Trading Strategies and Your Portfolio Into Q2

Moderately busy open for the options markets today, with S&P 500 index futures near flat despite the 8% decline in Oracle (ORCL) shares after disappointing earnings. Bullish flow is noted in several names, suggesting a few traders may be picking their spots for further upside into the spring. While we had some excitement on Wednesday, I would expect things to quiet down into next week's Passover and Good Friday holidays.

 
Option Dashboard


Corinthian Colleges (COCO) lifted $0.03 to $2.19 with early trades on the for-profit education company including a sweep of 1,381 May 2 calls for $0.35 when the market was $0.30 to $0.35. These will open a new position and might indicate some 'bottom fishing' on the beat-up educator. August 3 and January 2.50 calls are seeing some interest also.

Hercules Offshore (HERO) was up $0.09 to $7.35 and early trades on the Houston, TX oil and gas company include a sweep of 1,807 May 8 calls across multiple exchanges for $0.35 when the market was $0.25 to $0.35. 2,570 contracts traded. The same contract saw activity yesterday as well, resulting in 3,529 in open interest. So today is possibly a repeat. No headlines on the ticker.

Agricultural chemical company FMC Corp (FMC) is seeing heavy early call volume, with a buyer of 1,000 April 60 calls for $0.60 7mins into the day when shares were near their lows of the day. April 60s are the largest open interest position in the name, and today's flow looks to add to the existing 3,420 contracts.

Metro PCS (PCS) call volume spiked earlier today with about 7,000 May 11 calls bought for $0.56 average price. Looks like it adds to the May 11-12 call stupid bought Tuesday nearly 10,000x when shares were near $10.42. PCS is a merger-arb name with a complicated tender/buyout planned for later this year.

Relatively heavy call volume for semiconductor name KLA Tencor (KLAC) with more than 2,200 calls (and 67 puts) trading in the first hour and nearly all the flow in April 55 calls, currently 6.8% above spot. Shares near the center of their 52-week range but were above that strike earlier this month.

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


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