Move, Inc (MOVE) is a real estate information marketplace providing buyers and sellers of real estate with information and resources through online portals. The company’s stock is currently trading around $12.15 in a 52 week range of $9.91-$18.36. The stock has been very weak this year with shares falling more than 24% year to date. Despite the weakness in the stock options traders are taking a very bullish view on MOVE. Earlier this morning a trader bought 2,000 MOVE Jul 12.5 Calls for $0.90. Over 4,800 contracts have now traded on that line representing the majority of today’s option volume in MOVE. More than 70 times the average daily option volume has already traded in MOVE. Although shares of MOVE are trading well below the cloud order flow this massive is worth looking at.

Block Trade: Trader Bought 2,000 MOVE Jul 12.5 Calls for $0.90
Risk: $90 per 1 lot
Reward: Unlimited
Breakeven: $13.40

Move, Inc. operates an online network of Websites for real estate search, finance, and moving and home enthusiasts in North America. MOVE is currently trading around $12.10 in a 52 week range of $9.91-$18.0036. The company’s stock has been underperforming the market this year with shares falling year to date. Options traders seem to think that this trend will reverseas order flow in XYZ has been decidedly bullish during today’s trading session. Earlier today a trader bought 2000 MOVE July 12.5 Calls for $.90. This is an extremely bullish order and involves this trader laying out $180,000 in total premium. With this order flow and this chart set up I believe XYZ is setting up well for a long.

Unusual Option Activity:
We define unusual option activity as large block trades that represent a large percentage of daily option volume. The block trade is considered “unusual” if the option volume is above the average daily volume over the past 22 days. At KeeneOnTheMarket.com we scan and analyze order flow from all of the major options exchanges in order to identify any unusual option activity.

Analyzing unusual order flow gives traders a window into what the positions that large institutional players have. The majority of unusual option activity can be traced back to hedge funds, mutual funds, and other large institutions. Knowing where these institutions are placing their bets can be hugely advantageous for any trader. These institutions have informational and technological advantages that the average trader doesn’t have, and the amount of time and analysis that goes into every one of their trades is substantial. We offer this service through our 7 hour daily LIVE trading room http://bit.ly/135QWt8 or through Premium Twitter feed with all entries, exits, and unusual options activity tweeted all day long: http://bit.ly/11f0L9u.

Order flow can however at times be deceiving. One might logically thing that a large block buyer of calls is bullish on the underlying. This is not always the case. Remember that a large number of participants in the equity options market are hedgers. Long calls are a hedge against short stock, and long puts are a hedge against long stock. With this in mind we have developed a 7 step trading plan that helps filter out unusual option activity that will not provide actionable trade setups. It is by using this plan that we are able to identify the most significant unusual options activity trades every day.

My Trade: I bought 150 MOVE July 12.5 Calls for $1.00
4 Targets: $1.15, $1.30, $1.50 and $1.75

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

Stanley Black & Decker, Inc. provides power and hand tools, mechanical access solutions, and electronic security and monitoring systems for various industrial applications. SWK is currently trading around $82.20 in a 52 week range of $73.77-$92.76. The company’s stock has been over performing the market this year with shares rallying year to date. Options traders seem to think that this trend will continue as order flow in XYZ has been decidedly /bullish during today’s trading session. Earlier today a trader bought 2400 SWK May 82.5 Calls for $2.05. This is an extremely bullish order and involves this trader laying out $492,000 in total premium. One sentence summary of the chart and the cloud. With this order flow and this chart set up I believe XYZ is setting up well for a long.

Unusual Option Activity:
We define unusual option activity as large block trades that represent a large percentage of daily option volume. The block trade is considered “unusual” if the option volume is above the average daily volume over the past 22 days. At KeeneOnTheMarket.com we scan and analyze order flow from all of the major options exchanges in order to identify any unusual option activity.

Analyzing unusual order flow gives traders a window into what the positions that large institutional players have. The majority of unusual option activity can be traced back to hedge funds, mutual funds, and other large institutions. Knowing where these institutions are placing their bets can be hugely advantageous for any trader. These institutions have informational and technological advantages that the average trader doesn’t have, and the amount of time and analysis that goes into every one of their trades is substantial. We offer this service through our 7 hour daily LIVE trading room http://bit.ly/135QWt8 or through Premium Twitter feed with all entries, exits, and unusual options activity tweeted all day long: http://bit.ly/11f0L9u.

Order flow can however at times be deceiving. One might logically thing that a large block buyer of calls is bullish on the underlying. This is not always the case. Remember that a large number of participants in the equity options market are hedgers. Long calls are a hedge against short stock, and long puts are a hedge against long stock. With this in mind we have developed a 7 step trading plan that helps filter out unusual option activity that will not provide actionable trade setups. It is by using this plan that we are able to identify the most significant unusual options activity trades every day.

My Trade: I bought 100 SWK May 82.5 Calls for $1.91 and will Sell 80% by End of the Day:
Targets: $2.10, $2.30 and $2.60

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. Its Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas, as well as installation and workover tools, service technicians for installation assistance, and field support for commissioning, intervention, and maintenance of its subsea systems. FTI reported Earnings yesterday after the bell and I as I watch institutional order flow all day long, I saw a trader buy 1200 of the FTI May 57.5 Calls for $.80. Most traders might say that a 1200 lot is not a “Big” order, but the trade has to be compared to the usual volume of options that stock trades in a day, so this was over 25 times “Usual Volume.” Lets break down their P&L:

The Trade: Trader bought 1200 FTI May 57.5 Calls for $.80
Their Cash Outlay: $96,000
Cash Profit if Sold at Today’s Pricing: $180,000

Full Disclosure:
I bought 15 FTI May 57.5 Calls for $.80
I sold them today for $1.90 for a $1650 Profit

Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter (OTC) products, and medical devices in the areas of eye health, dermatology, and neurology therapeutic classes worldwide. Every single day I watch Unusual Options Activity and talk to my subscribers about the trades at www.keeneonthemarket.com I watch over 1,500 trades daily and yesterday I saw a trade that was so unusual that I thought it was worth mentioning. A trader bought 2,000 FURX June 105 Calls for $3.90. Lets breakdown their trade:

Institutional Order: Trader bought 1,804 VRX June 135 Calls for $5.90
Cash Outlay: $1,064,360
Potential Profit: Unlimited

Overnight the Stock gapped higher and these Calls have moved in value from $5.90 to $7.90, so lets breakdown their profits:

1804 * 2.00 * 100= $360,000 Profits

Furiex Pharmaceuticals, Inc. operates as a drug development company that is involved in compound development and collaboration activities primarily in the United States. Every single day I watch Unusual Options Activity and talk to my subscribers about the trades at www.keeneonthemarket.com I watch over 1,500 trades daily and yesterday I saw a trade that was so unusual that I thought it was worth mentioning. A trader bought 2,000 FURX June 105 Calls for $3.90. Lets breakdown their trade:

Institutional Order: Trader bought 2,000 FURX June 105 Calls for $3.90
Cash Outlay: $780,000
Potential Profit: Unlimited

Overnight the Stock gapped higher and these Calls have moved in value from $3.90 to $5.30, so lets breakdown their profits:

2,000 * 1.4 * 100= $280,000 Profits

New Oriental Education & Technology Group Inc (EDU) is a private educational services company in China. The company’s stock is currently trading around $26.85 in a 52 week range of $17.46-$34.50. The stock has been underperforming the market this year with shares falling nearly 15% year to date. Despite the stocks relative underperformance options traders are taking a bullish stance on EDU in today’s trading session. Earlier today a trader bought 1,988 May 28 calls for between $1.10 and $1.15. This is the largest block of options to trade on a day when more than 6.8 times the average daily options volume has traded in EDU. Although the stock is trading below the Ichimoku Cloud order flow this strong could be signaling a short term bottom in EDU.

My Trade: Buying the EDU May 28 calls for $1.10
Risk: $110 per 1 lot
Reward: Unlimited
Breakeven: $29.10

Caesars Entertainment Corporation owns, operates, or manages casino entertainment facilities. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, and managed casinos, as well as casinos combined with a thoroughbred racetrack and a harness racetrack. Today we saw a trader bought 1,403 CZR 5.2.2014 18 Calls for $1.05 debit per a lot. This is bullish trade where a trader thinks the stock can move higher and maybe it is due to the catalyst event next week. Lets breakdown the trade:

The Trade: Trader bought 1,403 CZR 5.3.2014 18 Calls for $1.05
Their Risk: $147,315 Cash Outlay
Their Reward: Unlimited
Their Breakeven: $19.05

I am long these Calls for $1.10

Calpine Corporation, a wholesale power generation company, owns and operates natural gas-fired and geothermal power plants in North America. Today a trader bought over 2,500 CPN May 22 Calls for $.60 debit. This trader has the right, but not obligation to buy 250,000 shares at $22 between now and expiration. I got into this trade a little too late, but I think CPN can move higher as the options activity that we saw was 30 times the usual volume it trades in a day. I think that CPN can trade north of $23, so I bought the CPN May 22 Calls for $.80 debit. Lets break down this trade.

The Trade: I bought the CPN May 22 Calls for $.80
Risk: $80 per 1 lot
Targets: $.95, $1.10, and $1.25

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Long: Vega