So everybody was pleased when Sally Henny Penny sent out a printed poster to say that she was going to re-open the shop-- "Henny's Opening Sale
! Grand co-operative Jumble!
Largest trade is an opening sale
of 1435 Oct 125p puts from 4.10 down to $4 early in the session with shares $132.12, netting the seller $577K in premium for the 7% downside position.
The opening of the Banqiao store was met with long queues, as people waited for a never-before seen in Taiwan opening sale
Celebrate the launch of Travelodge's second hotel in Barcelona with a [euro]25 (PS22) room in the opening sale
Diarise the opening sale
time and log on quick to get the best deals.
Largest block came minutes ago when a customer sold 3K Nov 21/Aug 19 call spreads for a dime, which is an opening sale
of Nov 21 calls for 1.90, against a closing buy of Aug 19 calls for 1.80.
Shares off 30c to $43.46 and the vertical, which is tied on a 23 delta, probably covers positions opened last month, including a buyer of 60K of the same spread for 77c on 1/9 with shares $43 (verses the opening sale
of 40K Feb 44 calls at $1.21, which have since expired).
10.6K and the activity is possibly closing, as open interest is 13K and trade history shows an opening sale
of 10K at 42c on 10/30.
The large put buys in far downside strikes are probably being opened to hedge shares or possibly other options - for instance, an opening sale
of 105K EEM Mar 38.5 puts was noted on 1/16.
Nov 28s match a block opened earlier this month when shares were $1 lower and similar size was bought to open near $1.42, while the Nov 31s match an opening sale
from last week, suggesting a roll of both positions into the new long March 29s.
Spot $13.71 with option volume 3x normal in both calls and puts and several large blocks trading, including a buyer of 5K Aug 13/15 strangle for 53c on the PHLX this morning and a customer buyer of 10K Aug 17c bought for 6c, likely closing a 12c opening sale
made last week when shares were $14 and a trader bought the Aug 15/17 call spread for 42c.