Too Many Options $JCP, $MSFT, $LNG, $BRCM, $YHOO

Singlestocksruledthelargeoptionsblocktradestoday,onwhatwasagenerallysidewaysday。

JCP?

stockisupmorethan10%thisweek,theoptionsflowhasbeenfairlymixedbutheavy?

InthemorningtherewasaselleroftheSept14calls,almost40ktradedontheday,withmostofthemlookingliketheyweresold?

ThisafternoontherewasabuyeroftheFeb12/10putspread,paying。

62for10,750?

ThesecondmostactivelineinthenamewastheweeklySep0614。

50call,where15ktradedontheday,expiringtomorrow?

TherewasalsoabuyerinthemorningoftheNov10/12putspreadpaying。

34for4000。

MSFT:stockhasgivenbackallofthegainssincetheBallmerresignationannouncement,butmighthavefoundaneartermbottomwithtodaymarkingthefirstupdayin5days?

TherewasadecentsizeriskreversalinApr,wherethetradersoldthe28puttobuythe32callfor。

28,7000xandthenagain6500xfor。

25?

ThistradegetsthetraderlongonAprexpirationat28。

28or32。

28。

LNG?

ThecompanyannouncedthattheywerecancelingapreviouslyscheduledanalystmeetingforSept18th,whichcauseda4。

5%rallyintheshares?

TherewasalargebuyeroftheOct34calls,24kbeingboughtuntiedtostockinthemorningfor。

23,almost33ktradedontheday?

Someoneislikelyspeculatingthattheremaybesomesignificantpositivenewsinthenearfuture。

BRCM?

Notsurewhattomakeoftheveryhighvolumeasidefromoptionstraderssayinguncleonashorttermbounceinthestock?

Septcallswereveryactivetodaywithnearly40kofthe26callstrading,manylookingtobesoldtoclose,while31koftheSept27callstrade,manyofthemlookingbought,alsoclosing?

Earlyintheafternoontherewasasellof6kofSept26callstobuy10kSept27calls,thislookedtobepartofaclosingtradeinsomeformofaratio。

YHOO?

InthemorningtherewasanopeningbuyeroftheApril23puts,buying8kin2lotsof4kfor1。

10each,whileintheafternoontherewasasellertocloseintheJan1431/36callspread,12,000tradingat。