The Amsterdam Exchange is launching options on U.S. shares Cisco ( CSCO), Intel ( INTC) and Microsoft ( MSFT) starting March 7.
Trading in the Philadelphia Stock Exchange Oil Services Index picked up some momentum Wednesday, trading roughly 65,000 contracts by midday. The biggest trade was a 25,000-contract "roll" out of the March 65 call options further out in time to the September 65 series. In other words, the institution or investor rotated out of the March calls, at a price of 28 ($2,800), to finance a position in the September calls at a price of 33 5/8 ($3,362.50). Susquehanna recently became the market maker for the OSX options on the PHLX and handled the trades. The firm also crossed another 9,000 OSX March 80 calls and 7,000 in the March 90 calls at prices of 14 1/8 ($1,412.50) and 7 3/8 ($737.50), respectively, according to a trading floor source. The OSX was trading at 92.45, down 0.38.