Unusual options activity at Teck Resources (TECK), Vale SA (VALE) and B&G Foods (BGS)


A Review of Unusual Options Activity at Teck Resources Limited (TECK)

Today, March 1, 2022, among the underlying constituents of the NYSE, we saw unusual or notable options trading volume and activity at Teck Resources Limited (TECK), which opened at $36.10 .

  • There were 1,147 contracts traded on the $37 strike call option as of March 4, 2022, trading close to the ask at a price of $1.10 with a bid-ask spread of $0.95 at $1.16. These contracts are currently in the money, with Teck having opened and currently trading around $36.10.
  • Open interest on this channel was 123 at the open this morning so we can assume they were bought or sold to be open as there was no open interest available to have been closed in these orders.

Above are Teck’s notable options from the Unusual Whales stream.

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Above are Teck’s notable options from the NEW Unusual Whales hottest chains tool.

  • However, these orders come after Teck’s latest earnings report, in which:
    This quarterly report represents a profit surprise of -0.98%. A quarter ago, this company was expected to post a profit of $1.07 per share when it actually produced a profit of $1.49, delivering a surprise of 39.25%.
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Shown above is the historical volume of the aforementioned channel, in red, and open interest, in blue, as bar charts behind the required supply and demand, in a light blue and darker shade, respectively. .

A tip from the flow: Transactions accompanied by a briefcase emoji can be perceived as bought or sold to open. This determination is made if the trade size was greater than the chain’s open interest. Only transactions that can be positively identified as being bought or sold to open will be marked as such (with the briefcase).

To view more information on TEAK’s daily feed breakdown, click here to visit unusualwhales.com.

Unusual options activity at Vale SA (VALE)

Today, March 1, 2022, also on the NYSE, we saw unusual activity at Vale SA (VALE), which opened today at $18.56.

There was a series of cross trades of 85,500 contracts at the expirations of March 18, 2022 for the following option contracts:

  • The $17 strike put options traded at $0.34 with a bid-ask spread of $0.25 to $0.38
  • The $20 strike call options traded at $0.27 with a bid-ask spread of $0.24 to $0.27
  • The $15 strike put options traded at $0.11 with a bid-ask spread of $0.07 to $0.15
  • Additionally, these orders come after Vale’s February 28, 2022 earnings report.

Vale’s adjusted earnings per share in 2021 were $5.40, beating Zacks’ consensus estimate of $4.16. Including one-time items, profit was $4.47 in 2021, down from 95 cents in 2020. Sales jumped 38% year-over-year to $54.5 billion, driving exceeded the Zacks consensus estimate of $54.1 billion.

As noted, the orders in this report were cross trades: Cross trades occur when a broker executes buy and sell orders for that same position from different client accounts and then reports them on an exchange. In other words, it is an aggregation of many positions taken on both the buy and sell side.

Moreover, as these arrived just after the declared incomes, one can have the intuition that this dramatic volume is only an institutional repositioning. Emerging volume should not always be interpreted as a buying or selling opportunity.

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Above are Vale’s notable options from the Unusual Whales stream.

A tip from the flow: Trades with the ↕ and πŸ”ƒ emojis added are trades that have potentially been integrated as part of a strategy and are coded accordingly (like MLET or TLCT) in the codes column. Clicking on these emojis will open all trades that have entered together so that the holistic strategy can be studied.

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Above are Vale’s notable options from the NEW Unusual Whales ticker feed tool.

Sales volume on Vale is now 985.36% higher than its 30-day sales volume average; its call volume is 120.16% higher.

To view more information about VALE’s stream breakdown, click here to visit unusualwhales.com.

Unusual options activity at B&G Foods, Inc. (BGS)

Finally, and still on the NYSE, we saw unusual or remarkable options trading volume and activity at B&G Foods, Inc. (BGS), which opened today at $29.50.

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Above are B&G Foods’ standout options from the Unusual Whales feed.

Interestingly, these orders were marked as β€œfloor”. Floor traders work on the floor of an exchange. When a floor trader executes a transaction, exclusively for his own account, this must be indicated on a stock exchange by the “floor” tag.

Click here to learn more about trader performance.

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Above are B&G Foods’ standout options from the NEW Unusual Whales Hottest Channels Tool.

As seen, it is the $25 strike put options which are at -0.18 delta and standard deviation from the expected move after the earnings report. The IV on this channel is 44.2%.

To view more information on BGS’s feed breakdown, click here to visit unusualwhales.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
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