eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. The Company by providing online platforms, tools and services to help individuals and small, medium and merchants around the globe engage in online and mobile commerce and payments, the Company can facilitate transactions.  EBAY is currently trading around $53.99 in a 52-week range of $48.06 – 59.70. The company’s stock has been underperforming the market this year with shares increasing -1.54% year-to-date. Today, a trader bought over 4353 EBAY Fri 9/5 53 Calls (Wkly) at $0.58. With the short duration of these contracts, the trade was most likely set up as a day trade. EBAY is trading lower in today’s session, but these calls are up over 60% as the stock trades off the lows of the day.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the EBAY Fri 9/5 53 Calls (Wkly) at $0.58

Risk: $58 per 1 lot

Greeks of this Trade:

Delta: Long
Gamma: Long
Theta: Short
Vega: Long

Foot Locker, Inc. (NYSE:FL), together with its subsidiaries, operates as a retailer of athletic footwear and apparel. The company operates in two segments, Athletic Stores and Direct-to-Customers. FL is currently trading around $57.25 in a 52-week range of $31.91-$57.90. The company’s stock has been outperforming the market this year with shares increasing 38.13% year-to-date. Options traders seem to think that this trend will continue as order flow in FL has shown a bullish bias, even as the stock flirts with 52-week highs. Today, traders bought over 5000 FL October 60 Calls for $.80. The stock stock is trading flat in today’s session, near it’s 52-week high.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the FL Oct 60 Calls for $.80

Risk: $80 per 1 lot

Targets: $.90, $1.00, $1.15 and $1.30

Greeks of this Trade:

Delta: Long
Gamma: Long
Theta: Short
Vega: Long

(Full disclosure: I am long Calls in FL)

Tesla (TSLA) has been upgraded by Stifel Nicolaus from a “Hold” to a “Buy” rating earlier this morning. James Albertine, analyst for the firm, set an aggressive price target at $400/share. According to Albertine, “TSLA appears to have carved out a defensible niche in the global market for luxury electric vehicles, and based on our recent tour of the Fremont, CA, facility, a sizable head start with respect to production. The key risk remains demand, in our view, but given (a) competitors’ apparent unwillingness to fully invest (resources/managerial autonomy), and (b) TSLA’s brand resilience in spite of high-profile accidents/fires/recalls, it seems demand deceleration may be a late decade call at the earliest.” Shares of Tesla gained 2.9% to $277.42 in morning trading.

TSLA tested into the Ichimoku cloud at around $275.40 this morning, and has continued to soar higher, with all indicators suggesting neutral to bullish outlook on the stock. There are no resistance levels to the upside, and based on the chart, our trader’s outlook on TSLA is neutral to bullish, with a price target at around $350.

According to The Information, a technology and business news provider, there has been speculation that Take-Two Interactive (TTWO) may be considering a movie based on their Grand Theft Auto game, a franchise which has experienced wild success in the last decade.  It has also been reported Activision may be in the process of forming an internal movie studio, and with the success of games-turned-movies like Resident Evil, the game-maker might as well get into the movie business for itself. Activsion also owns Blizzard, and that could be the real reason for the creation of this studio, attempting to ride the wave of success experienced by the Warcraft and Diablo franchises.

Whether or not this project goes through is another matter. CEO Bobby Kotick is still in talks to get the necessary executive talent, and Kotick himself has been worried that movies might burn-out customers from the franchises. Activision certainly isn’t commenting on the rumor at this stage. However, the company might be in a bind. Call of Duty sales have been steadily dropping, and there’s no guarantee that Skylanders will remain a cash cow forever. Mike Hickey, analyst at Benchmark, indicates that Activision’s alignment may also be related in part to its interest in exploring a tie-up. He believes acquiring Take-Two would be a “no brainer” for Activision, and has Buy ratings on both stocks.

Alibaba Group Holding Ltd’s [IPO-BABA.N], China’s biggest e-commerce operator, is scheduled to go public sometime in early September. The company accounts for over 80% of all online retail in China–a staggering market share that has investors excited.  Alibaba issued stock-based compensation worth $59 a share, which indicates a market value of $138 billion based on 2.34 billion shares outstanding as of June 30, according to the Aug. 27 filing. The share count includes preferred and unvested restricted shares. The company’s mobile platform is state-of-the art, with mobile transactions growing to 32.8%  from 27.4%. Its Taobao and Tmall platforms are innovating forces in the B2C and C2C sectors , as opposed to simply linking buyers-to-sellers in the traditional fashion. With an operating income over $1.1 billion last quarter, Alibaba brings in 42% more than both eBay and Amazon combined. Net income also tripled last quarter, mounting to $1.99 billion.

These numbers have investors excited, and with a 22.5% stake in the company, Yahoo (YHOO) has performed well since acquiring stake in Alibaba, up over 100% in the past few years. With the likely high demand for Alibaba shares, investors who miss the opportunity for direct exposure may opt to buy into YHOO as an Alibaba play. The internet search engine might see a pop in share price as the result, but some investors are exercising caution. Yahoo’s foreign presence in China presents political challenges in the communist state, which could jeopardize Alibaba’s ability to conduct business in a highly-censored political environment. Either way, we believe that the IPO will be a positive catalyst, moving YHOO higher in the near future.

The Goldman Sachs Group, Inc. (GS), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. GS is currently trading around $178.25 in a 52 week range of $151.33 – 181.13. The company’s stock has been underperforming the market this year with shares increasing .55% year to date. Options traders seem to think that this trend will reverse as order flow in GS has been decidedly bullish during today’s trading session. Today, a trader bought over 5000 GS September 180 Calls for around $1.75. This is an extremely bullish order and involves this trader laying out nearly $1,000,000 in total premium.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the GS September 180 Calls for $1.75
Risk: $175 per 1 lot

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

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, such as women’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods, and coats. BURL is currently trading around $34.25 in a 52 week range of $21.54-$35.00. The company’s stock has been outperforming the market this year with shares increasing 10.4% year to date. Options traders seem to think that this trend will continue as order flow in BURL has been decidedly bullish during today’s trading session. Today a trader bought over 3000 BURL December 35 Calls for $3.00. This is an extremely bullish order and involves this trader laying out $900,000 in total premium. The stock looks strong today even though it has seen resistance at the $35 level in the past.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the BURL December 35 Calls for $3.10
Risk: $70 per 1 lot
Targets: Sell 25% at $3.40, Sell 25% at $3.70, Sell 25% at $4.00, Sell 25% at $4.30

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

(Full disclosure: I am long Calls in BURL)

Seabridge Gold Inc., a development stage company, together with its subsidiaries, is engaged in the acquisition and exploration of gold properties located in North America. It also explores for copper, silver, and molybdenum ores. SA is currently trading around $11.24 in a 52 week range of $6.65-$17.24. The company’s stock has been outperforming the market this year with shares increasing 62.2% year to date. Options traders seem to think that this trend will continue as order flow in SA has been decidedly bullish during today’s trading session. Today a trader bought over 1000 SA November 14 Calls for $.35. This is an extremely bullish order and involves this trader laying out $35,000 in total premium. The stock looks strong today and might have found a short-term bottom at $6.65.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the SA November 14 Calls for $.40
Risk: $140 per 1 lot
Targets: Sell 25% at $50, Sell 25% at $.60, Sell 25% at $.75, Sell 25% at $.90

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

(Full disclosure: I am long Calls in SA)

Generac Holdings Inc. designs, manufactures, and markets power generation equipment and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States, Canada, and internationally. It offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel. GNRC is currently trading around $47.21 in a 52 week range of $39.01-$62.50. The company’s stock has been underperforming the market this year with shares decreasing 16.6% year to date. Options traders seem to think that this trend will reverse as order flow in GNRC has been decidedly bullish during today’s trading session. Today a trader bought over 10000 GNRC November 55 Calls for $1.00. This is an extremely bullish order and involves this trader laying out $1,000,000 in total premium. The stock looks strong today and might have found a short-term bottom at $42.

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/1usQnKR or through the only Unique Unusual Options Activity Scanner: http://bit.ly/1sCSaws

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.

The Trade:
Buying the GNRC November 55 Calls for $1.00
Risk: $70 per 1 lot
Targets: Sell 25% at $1.10, Sell 25% at $1.25, Sell 25% at $1.50, Sell 25% at $1.75

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

(Full disclosure: I am long Calls in GNRC)