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Someone Just Made a Killing in this Software Stock: Options Recap

Someone Just Made a Killing in this Software Stock: Options Recap

Someone made a killing in a cloud-software company. Just look at the options. Call volume spiked yesterday in Workday (WDAY), which shot to a new all-time high on Tuesday and is up 23 percent in the last month. It looks like the investor rang the register on a winning...

Greek of the Week: Theta

Greek of the Week: Theta

This is the third installment of a four-part series about options Greeks on Market Insights concluding Labor Day week. So far, we've looked at delta and gamma. This week, we'll turn to theta. Theta: T is for "time decay." Theta measures how much time value an option...

Calls Spike as Small Cap Goes Mobile: Options Recap

Calls Spike as Small Cap Goes Mobile: Options Recap

Last month, Market Insights highlighted a surging maker of smart-phone games. Yesterday, options traders lit up the name. Here's a breakdown of the large transactions detected in Glu Mobile (GLUU): A block of 5,500 September 5.50 calls was bought for $2.04. A block of...

Big Trade in a Little Gaming Stock: Options Recap

Big Trade in a Little Gaming Stock: Options Recap

A small gaming stock has pulled back hard following a big rally, but now the bulls are back. Remember Scientific Games (SGMS)? It's a provider of gambling-technology like slot machines and lottery systems. But it was also viewed as a key beneficiary to the U.S....

Options Recap: Are Airlines Ready to Fly?

Options Recap: Are Airlines Ready to Fly?

Are airlines ready to take off? Some options traders seem to think so. The ARCA Airline Index ($XAL) rose 2.2 percent Monday, its biggest gain in over a month. The move on the heels of strong weekly bookings data and followed a broader rally in the transportation...

Greek of the Week: Gamma

Greek of the Week: Gamma

This is the second installment of a four-part series about options Greeks that will appear on Market Insights between now and Labor Day week. Last week, we looked at delta. Delta measures how much an option changes in price when the underlying stock or ETF fluctuates....

Here’s How Much Money Someone Made in Apple on Friday

Here’s How Much Money Someone Made in Apple on Friday

There's a reason why people trade options in Apple (AAPL). Check out this massive call spread that took shape in the tech giant during Friday's session. Roughly 81,400 August 215 calls were purchased in thousands of small blocks. Buyers paid $1.03 on average. A...

Riding a Megabank on the Cheap: Options Recap

Riding a Megabank on the Cheap: Options Recap

One big investor is riding a megabank on the cheap, thanks to the leveraging power of options. Bank of America (BAC) has been on the move since late 2016. A large call roll yesterday seemed to show that a money manager is using options as a surrogate for owning...

Greek of the Week: Delta

Greek of the Week: Delta

This is the first installment of a four-part series about options Greeks that will appear on Market Insights between now and Labor Day week. Some clients may be confused by options, especially their use of Greek letters. Delta, gamma, theta, and vega. How to remember...