Too Many Options 112113 $BAC, $DG, $EFA, $PEP, $WFC

1。

BACstockbrokeouttoanew52weekhightoday,nowupalmost13%fromtheNov7thlowsofthismonth。

ThemostactiveoptionslinewastheJan15callswithover43ktradingasof3pm?

AninterestingtradeinthenametodaywasabuyeroftheJan201515/10PutSpreadpaying1。

29for10k,thiscouldhavebeenalongholderrollingupprotectionasthereis245kopeninterestinthe10putsand153kinthe15puts。

2。

DGthestockwasdowninsympathywithdollarstorepeerDLTRsmissovernight?

Thestockspentthedaygrindinghighertocloseonthehighs,withitseeingabuyerof20koftheMay75callstoopenfor。

85。

ThecompanywillreporttheirQ3onDec5thandtheoptionsmarketisalreadyimplyingaonedaymoveofabout4%。

3。

ADMBuyerof53,000March42callstoopenfor2。

20,thisisnowthesinglelargeststrikeofopeninterestinthename。

4?

PEPatraderrollsdownsomecalls?

sold10kJan90callsat。

25tocloseandbought7500Jan87。

50callsfor。

69toopen

5。

Frightoutofthegate,shortlyaftertheopen,atraderbought25,000Jan18callsfor。

29,couldhavebeenclosing,possiblyanoverwriteastheywerenotmarkedtoopen

6。

WFCAtraderrollsupandoutlongdatedcalls,sellstoclose18,500Jan201540callsat5。

70,andbuys19kJan201645callsfor4。

20andbought365ksharesfor44。

39,obviouslyaverybullishtrade,but?

IhonestlyhavenoideawhytheJan16callslookthatattractiveasidefromthedefinedrisk。

7。

EFABuyerof56,000Dec67callstoopenfor。

34shortlyafternoon,thenthebuyercomesbackat3pmandbuysanother55,000Dec39callsfor。

39?