ID L-1 Identity Solutions In. in "...final stages" of strategic alternatives and has received bids.  Traded 7.5x avg daily call volume most active were the Sep 9, 10 calls trading 2590 and 6195 contracts respectively. The options trading services indicate that the calls were sold (e.g. Trade-Alert and TSM function in Bloomberg) - however I believe they were bought as implied vols keep rising. Bullish.

 

NTES, looks like a good sized risk-reversal call spread trade traded ~5400x.  Cust sold the march 31 puts, bot the mar 42 calls, and sold the mar 50 calls, paid 1.95, bullish, profits above 43.95. Stk was raised to buy at Roth and overweight at HSBC.

 

HK - interesting spread trade, selling 6k Dec 14 puts @ .88, and selling 2k Dec 16 calls @ 1.77 to buy 12k Dec 18 calls @ .96.  Appears to be an opening bullish trade on a stk that has given back the 6.3% rally on earnings recently (trade-alert)

 

GLW - substantial put activity, traded 24,800 puts, ~3x avg daily volume.  the single largest trade appears to have been a vol/put seller (sold 5k jan 14 puts delta neutral), other put activity seemed to be more bearish directionally, possibly on LCD pricing pressure concerns according to Fred Ruffy @ Trade Alert

 

VIX was higher today by 1.85, perhaps slightly more than expected, term structure of vol (price of near-dated vs. longer dated SPX options) flattened slightly, again mostly a function of today's 1.7% decline.  PHM - Pulte Group was the only unusual name in the most actives, a result of a sale of 19,000 oct 8 puts, which is neutral/bullish.  Stk was lower despite this.

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