Weekly Options Midday Update & Analysis

Earnings season continues in earnest tonight with quarterly reports from AXP, EBAY, LRCX, RVBD, and WYNN scheduled for after the close. Earnings related options flow continues to dominate trading activity, but a few non-earnings related weekly options trades have piqued my interest heading into expiration Friday. Of note we’ve seen: 4k Oct 12 puts sold in biopharma company Pharmacyclics (PCYC), buyers of Oct 45 and 42.5 strike puts in Agnico Eagle Mines (AEM), and what looks to be front month call buying in Whiting Petroleum (WLL).

For more details check out the midday trading update courtesy of our friends at Marketclub:

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