Friday’s total option volume of 18.7 million contracts resulted in net open interest growth of 3.22 million calls and 3.03 million puts. Facebook Inc (FB), Apple Inc (AAPL), Procter and Gamble Co (PG) and PPG Industries Inc (PPG) saw the greatest growth. Top five new positions opened include 43k Facebook Inc (FB) 2/1 weekly 36 calls, 40k MGM Resorts International (MGM) Feb-13 13 puts, 38k PPG Industries Inc (PPG) Feb-13 180 calls, 37k KeyCorp (KEY) Jun-13 9 calls and 37k KeyCorp (KEY) Jun-13 7 puts.
In real-estate company CBRE Group (CBG), there was a buyer of 5,000 Mar 22 calls. This was 35x normal volume. On Friday, the stock broke out through a triple top and is showing a very bullish trading pattern. The company reports earnings on Feb 5 after market close.
Pilgrims Pride Corp (PPC) nearly went bankrupt in 2008/2009 during the credit crisis. On Friday, there was a buyer of over 3,400 Mar 10 Calls. This was 60x normal. The stock has been consolidating at about $7.40 and appears poised to leg higher.