Unusual Options Activity: HPQ, XOM, RYAM, and QIHU

Sinking HPQ, XOM, RYAM, and QIHU attracted option traders today

Aug 19, 2015 at 4:59 PM
facebook X logo linkedin


The Dow finished lower today, as crude oil hit a six-year low, despite a valiant effort to recover after a premature release from the Fed. Across all 12 options exchanges, 7.7 million calls crossed, compared to 8.6 million puts. The day's put/call volume ratio closed at 1.11. 

Pre-earnings traders circled Hewlett-Packard Company (NYSE:HPQ), as the tech stock hit new lows. Calls traded at five times the average daily pace, thanks to a massive four-legged spread in the November series. Exxon Mobil Corporation (NYSE:XOM) also hit new lows, due to crude oil's slump. XOM puts traded at six times the normal clip, with one trader apparently liquidating a winning front-month play to buy October 85 puts. 

Continuing that trend, Rayonier Advanced Materials Inc (NYSE:RYAM) sank 44.1% to end at $7.62 -- and hit a record low -- after the firm threw the gauntlet at Eastman Chemical Company (NYSE:EMN). RYAM puts traded at 86 times the norm, with last-minute bears buying to open August 7.50 puts. Qihoo 360 Technology Co Ltd (NYSE:QIHU) fell in line with Chinese stocks, sending puts across the tape at three times the average rate. 

150819Puts


150819Calls

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI