Option Hedging Contributing to the Sell Off

It would be senseless in today’s volatile environment to write about individual option trades or flows. By the time anyone read my posts, the market and option prices are likely to have moved significantly, making the information all but worthless. What I would...

Pfizer (PFE): Battling Back?

Very heavy first hour call buying in Pfizer…..over 25,000 call options have been bought so far today. Specifically, over 11,000 of the regular February expiration $38.5 strike calls have traded most around the $.28-.30 level. See Doug’s earlier post on the...

Viacom CBS(VIAC): Picking a bottom?

Significant call option buying in Viacom CBS (VIAC) as the stock hits a new 52 week low. At $34.70, a buyer bought 3,600 June $40 calls at $.84 and then over 5,000 Sept. $42.5 calls traded around $.87. This is by far and away the cheapest name in the media universe,...