Unusual Options Activity: August 21, 2017
Paper Buys Size Long-term Put Spread in SBUX
- Size print in SBUX Jan 2019 35/40 put spread
- Paper trades multiple blocks Jan 35 puts including 37k and 25k, below the bid for $.60
- Paper also trades multiple blocks of Jan 40 puts at or near the offer around $1.15
total of 87k trades on the day.
- OI on both strikes is well below 87k, indicating opening positions on both strikes
Last week - Call Frenzy in XLU
- Paper traded 53290 XLU Sep 57.0 calls for $0.049
- Total of over 81k trade on the day - on or near the offer
- OI was negligible
Today: size put spread in XLU
- 40000 XLU mar18 51.0 puts trade $1.28
- 40000 XLU Dec 50.0 puts trade $0.54
- Spread is opening in march - potential roll?
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