Trade of the Day: Time to Get Short Cliffs? 5.3.2013

The stock has not traded above the Ichimoku Cloud since early February and has been in a strong downtrend since April of 2011.

Trade:
Buying the CLF Jun 19-17-15 Put Fly for $0.36
Risk: $36 per 1 lot
Reward: $164
Breakeven: $15.36 and $18.64

-James Ramelli, Trader at KeeneOnTheMarket.com.
James@keeneonthemarket.com

Biggest Bearish Activity 5.3.2013

Bear Market Crash VolatilityPaper bought 1,553 GLW May 15 Puts for $0.26 (2 times usual volume) with stock at $14.98
Paper bought 8,000 KBH Jul 14 Puts for $0.07 (4.7 times usual volume) with stock at $23.91
Paper bought 1,500 MDCO Jul 30 Puts for $0.50 (3 times usual volume) with stock at $34.48
Paper bought 1,634 A May 40 Puts for $0.48 (2.1 times usual volume) with stock at $42.15
Paper bought 14,000 CWH May 20 Put $0.35 (4.7 times usual volume) with stock at $21.91

Biggest Bullish Activity 5.3.2013

Bull market Stocks BondPaper bought 15,000 AIG Aug 45 Calls for $2.24 (2.3 times usual volume) with stock at $44.65
Paper bought 5,000 VIAB Jun 70 Calls for $1.20 (5.2 times usual volume) with stock $67.94
Paper bought 3,000 HBC Sep 57.5 Calls for $1.39 (3.2 times usual volume) with stock at $55.70
Paper bought 2,500 BYD Sep 10 calls for $3.30 (3 times usual volume) with stock $12.69
Paper bought 285 IQNT Jun 5 Calls for $0.30 (9 times usual volume) with stock at $4.79

Unusual Options Activity 5.3.2013

Buy Sell Trading OptionsPaper bought 15,000 AIG Aug 45 Calls for $2.24 (2.3 times usual volume) with stock at $44.65

Paper bought 5,000 VIAB Jun 70 Calls for $1.20 (5.2 times usual volume) with stock $67.94

Paper bought 8,000 KBH Jul 14 Puts for $0.07 (4.7 times usual volume) with stock at $23.91

Paper sold 50,000 GILD Aug 30 Puts for $0.06 (4 times usual volume) with stock at $55.54
Paper bought 1,553 GLW May 15 Puts for $0.26 (2 times usual volume) with stock at $14.98

Biggest Bearish Activity 5.2.2013

Bear Market Sell Puts.pngPaper buys 2,500 EBIX Sep 19 Puts for $1.00 (13.3 times usual volume) with stock at $19.46
Paper buys 5,000 CLWR Jun 3 Puts $0.15 (3.5 times usual volume) with stock at $3.29
Paper buys 4,000 KRE Jun 30 Puts for $0.55 (6 times usual volume) with stock at $30.86
Paper buys 2,000 AZPN May 30 Puts for $1.95 (29.1 times usual volume) with stock at $28.53

Biggest Bullish Activity 5.2.2013

bullish Option Trade earnings.pngPaper buys 1,826 AMD Jul 4.5 Calls for $0.09 (2 times usual volume) with stock at $3.19
Paper buys 1,000 HL Jun 4 Calls for $0.11 (2.9 times usual volume) with stock at $3.33
Paper buys 1,224 MIC Jul 60 Calls for $1.20 (9.4 times usual volume) with stock at $58.66
Paper buys 9,177 EA Jun 20 Calls for $0.23 (2.4 times usual volume) with stock at $17.32
Paper buys 913 APH May 75 Calls for $1.60 (6.9 times usual volume) with stock at $75.91

Unusual Options Activity 5.2.2013

Chart Andrew Keene OptionsPaper sells 6,182 MGM Jun 12 Puts for $0.09 (3.5 times usual volume) with stock at $14.71

Paper sells 4,000 MRVL May 11 Calls for $0.14 (6.6 times usual volume) with stock at $10.45

Paper sells 7,893 JDSU May 13 Puts for $0.40 (3.2 times usual volume) with stock at $12.95

Paper buys 1,826 AMD Jul 4.5 Calls for $0.09 (2 times usual volume) with stock at $3.19
Paper buys 1,000 HL Jun 4 Calls for $0.11 (2.9 times usual volume) with stock at $3.33