Wednesday’s total option volume of 15.8 million contracts resulted in net open interest growth of 1.14 million calls and 1.51 million puts. Lorillard Inc (LO), Dell Inc (DELL), Bank of America Corporation (BAC) and Boeing Co (BA) saw the greatest growth. Top five new positions opened include 38k Bank of America Corporation (BAC) Jan-13 12 calls, 19k Bank of America Corporation (BAC) Feb-13 12 calls, 18k Dell Inc (DELL) Feb-13 14 calls, 17k Cypress Semiconductor Corp (CY) Mar-13 11 calls and 17k Freescale Semiconductor Ltd (FSL) Mar-13 13 calls.
In SBA Communications (SBAC), an 8,000-lot of Feb 70 calls opened yesterday at $1.60 with the bid/ask at $1.45/$1.60. There was no news on the stock. If you take a look at the stock chart, it is hard to find a more steady appreciation trend over the past year. Earnings are expected on Feb 21.
In Brookfield Asset Management (BAM), there was a buyer of 4,000 Mar 35 calls. The activity was 7.6x normal volume. The company reports earnings on Feb 15.
KKR and Co (KKR) has spiked higher recently. Yesterday, an investor closed his Jan 17 call position and began to roll the trade out to the Feb 17 calls. The newly opened long position is not yet significant but deserves further monitoring.