Tuesday, February 2, 2010

Standard Pacific (SPF) - Calls into Earnings

A very quick blog here on unusual trading - SPF is trading 3.98 with earnings AMC 2/3/2010 (i.e. tomorrow). The LIVEVOL™ Pro Summary is below.

The company has traded over 7,000 options today in the first 15 minutes on total daily average option volume of 622. Further, every contract has been call purchases. The Company Tab snapshot is below (click the image to enlarge).

Essentially the entire volume is a 5000 lot of Mar 5 calls and 1500 Jun 5 calls. Note earnings are in one day. The Option Tab snapshots is inlcuded below (click the image to enlarge).

Note the small OI relative to the trade size.

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