Binary Options Trading Monitor for July 6, 2010 (JPM, SLV)

July 06, 2010   admin   No comments

The Binary Options Trading Monitor highlights traditional options trading of the underlying assets currently available on the leading binary options trading platforms. With a focus on short-term activity, binary options traders can use this intelligence to gauge stock sentiment and help assess potential stock movement in the coming weeks.

Notable Options Trading:

JP Morgan Chase & Co. (JPM): Bullishness prevailed in banking giant JPM this morning as option investors purchased over 4k September 37 calls, paying around $2.43 per contract. The upside call buying suggests investors expect shares of JPM to trade above $39.43 upon September expiration, a near 9% gain from current prices.  The company is expected to release 2Q financial results on July 15 before the market open. Shares of JPM finished the day up 1.40%. JPM binary options can be traded on the EZTrader platform.

iShares Silver Trust ETF (SLV): Bearish put buying in the Silver ETF (SLV) continued today as investors purchased over 20k August 15 puts for an average price of $0.16. This activity comes on the back of heavy put buying in the SLV on Friday in which we saw investors purchase over 25k August 15 puts for the same price. The put activity could be the work of a long SLV shareholder looking for cheap protection in the name over the next month and a half. Otherwise with SLV closing today at $17.40, shares would need to fall close to 15% by August expiration for the trade to yield a profit. Silver binary options can be traded on the EZTrader and Anyoption platforms.

 

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