Unusual Options Activity: HPQ, FB, LNKD, SPLS, and X

Hewlett-Packard Company (NYSE:HPQ) and Facebook Inc (NASDAQ:FB) saw unusual options activity

by Josh Selway

Published on Jul 30, 2015 at 5:12 PM

Blue chips flirted with gains late in the day, but ultimately closed modestly lower. Across the 12 major exchanges, 7.2 million calls crossed, versus 5.8 million puts. The day's put/call volume ratio settled at 0.8. 

Among the most notable trades was Hewlett-Packard Company (NYSE:HPQ), where someone likely sold to open 50,000 November 30 puts for $1.78 apiece. If that's the case, the trader collected $8.9 million in premium ($1.78 per contract * 100 shares per contract * 50,000), which he or she can pocket if HPQ stays north of $30 through November options expiration.  Facebook Inc (NASDAQ:FB) post-earnings options traders took a bearish rout, with puts crossing at three times normal. Sector peer LinkedIn Corp (NYSE:LNKD) also saw accelerated put action ahead of earnings

Staples, Inc. (NASDAQ:SPLS) saw a massive call spread in the January 2016 series. United States Steel Corporation (NYSE:X) saw heavy call volume, as well. Speaking of bullish bets, some traders are expecting Amazon.com, Inc. (NASDAQ:AMZN) to jump 21% next month. Also, is it a good time to buy CBOE Volatility Index (VIX) calls


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