The five largest open interest increases were Supervalue (SVU) Jan 3 calls, Procter & Gamble (PG) July 72.5 calls, Sirius XM Radio (SIRI) Jan 2.5 and 3 calls (multiple days of this bullish flow) and International Paper (IP) Apr 39 calls – also multiple days of bullish flow in IP. IP currently has a dividend yield of 3.2%.
In Meritor (MTOR), there was a buyer of roughly 9,000 Jan 2014 5 leaps. This was 24x normal volume.
In U.S. Airways (LCC), there was a buyer of 10,000 Jan 15 calls, 5,000 Jan 16 calls and 10,000 Mar 17 calls. The company announced yesterday that it is pricing a $546 million aircraft financing deal. The next earnings release is January 23.