livevol_ophir
ET Sponsor
The company averages 517 option contracts traded a day. With an hour and a half to go there have been nearly 3,000 contracts traded. Further, the call to put ratio is 101:1.
The biggest trades of the day show that someone is buying the Jan 12.5 calls; over 2,700 of these calls have traded (customer purchases).
The open interest (OI) in the Jan 12.5 calls is ~2100. However, this OI has been steadily growing of recent on 12/24. Looking at the Jan 12.5 calls trades on 12/24 reveals that those orders were purchases as well. This implies that the 2700 traded today are new positions - adding to the current one. Note the purchasers paid 0.42 and 0.45 on 12/24. Today they are paying up to 0.50.
This is call accumulation paying up as the accumulation continues on a 101:1 ratio calls to puts.
You can read the details, prices, snapshots, trades on my blog:
http://livevol.blogspot.com/2009/12/gap-tea-company-tea-call-accumulator.html
The biggest trades of the day show that someone is buying the Jan 12.5 calls; over 2,700 of these calls have traded (customer purchases).
The open interest (OI) in the Jan 12.5 calls is ~2100. However, this OI has been steadily growing of recent on 12/24. Looking at the Jan 12.5 calls trades on 12/24 reveals that those orders were purchases as well. This implies that the 2700 traded today are new positions - adding to the current one. Note the purchasers paid 0.42 and 0.45 on 12/24. Today they are paying up to 0.50.
This is call accumulation paying up as the accumulation continues on a 101:1 ratio calls to puts.
You can read the details, prices, snapshots, trades on my blog:
http://livevol.blogspot.com/2009/12/gap-tea-company-tea-call-accumulator.html