Tuesday, December 22, 2009

GSI Commerce (GSIC) - ATM Front Month Put Buyer

GSIC is a $900 million e-commerce operator. The LIVEVOL™ Pro Summary is below.

The company averages 466 option contracts a day. Today nearly 3,500 have traded. Further, all but 10 contracts have been puts. The Company Tab snap shot is included below (click image to enlarge).

The day's biggest trades and the Options Tab snap shots are included below (click to enlarge). You can see the Jan 25 (front month ATM) Puts are the action (3,280 traded). Note the small OI relative to the trade size - these are opening order purchases.

The snapshot of the Charts Tab (below) indicates a recent run up in the stock. The snapshot also illustrates how unusual this options volume is relative to the recent past (click the image to enlarge).

Some new large shareholders have been selling stock that was used in an acquisition of their company @ 23.50 through an offering. Other than that, I don't see a whole lot of news.

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