Inside_Day_Trading_Floor__2010-06-28_1105_0-300x191Thursday’s total option volume of 17.1 million contracts resulted in net open interest growth of 2.08 million calls and 2.78 million puts.  Tesla Motors Inc (TSLA), Research In Motion Ltd (BBRY), Bank of America Corporation (BAC) and Microsoft Corp (MSFT) saw the greatest growth. Top five new positions opened include 34k Sprint Nextel Corporation (S) Aug-13 7 calls, 32k Electronic Arts Inc (EA) Sep-13 20 puts, 29k Iron Mountain Inc (IRM) Oct-13 40 calls, 20k Williams Companies Inc (WMB) Jun-13 36 puts and 18k MBIA Inc (MBI) Jun-13 17 calls.

The headline news is quiet.  There are no economic releases today.  A rule of thumb for trading the market is never short a boring market.

TRADE ALERT:  Liberty Interactive Corp (LINTA) has appreciated sharply on its earnings report two days ago.  Our LINTA January 2014 22 calls last traded at $2.40.  Our entry price was $1.55.  We recommend closing this position today for $2.40 or better.

TRADE ALERT:  Healthcare Trust of America (HTA) has appreciated sharply on its earnings report two days ago.  Our HTA July 12.5 calls traded for $0.80 yesterday.  Our entry price was $0.45.  We recommend closing this position today for $0.80 or better.

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