Call Buyer Targets The Midcap ETF (MDY, SPY)

“At least one trader is showing bullishness toward Midcap stocks, but it may be part of a larger strategy. optionMONSTER’s Heat Seeker monitoring system is detecting call buying in the S&P MidCap 400 exchange-traded fund (NYSE:MDY). A trader picked up 4,000 of the September 135 calls for $3.05. This volume was more than 10 times the open interest at that strike and about 4 times the average total volume in the fund. The call buying comes with (NYSE:MDY) down 1.11 percent to 132.44 in early afternoon trading, in the wake of a 1.69 percent decline yesterday. The call buying by itself does appear to be a bullish bet that the (NYSE:MDY) will bounce back to levels of 2 weeks ago when it traded above $140. But these broad-index ETFs are often used in larger trades. For instance, the call buying may be tied to call selling in the SPDR S&P 500 fund (NYSE:SPY), or bearish bets against large stocks that make up the index,” Chris McKhann Reports From Options Monster.

We have put together a snapshot of the ETF and the options activity mentioned below:

SPDR S&P MidCap 400 ETF (NYSE:MDY) Visit our (MDY) category: HERE

The investment seeks to provide investment results that generally correspond to the performance of the S&P MidCap 400 Index. The fund holds all of the S&P stocks in the MidCap 400 Index. It is a unit investment trust that consists of individual ownership interest units called SPDRs in the MidCap SPDR trust. The fund issues and redeems MidCap SPDRs only in multiples of 25,000 in exchange for S&P MidCap 400 Index stocks and cash.

TOP 10 HOLDINGS (6.48% OF TOTAL ASSETS)  
Company Symbol % Assets
CarMax Inc (KMX) 0.60
Cerner Corporation (CERN) 0.62
Cree, Inc. (CREE) 0.65
Everest Re Group, Ltd. Common S (RE) 0.57
Joy Global Inc. (JOYG) 0.58
Lam Research Corporation (LRCX) 0.55
New York Community Bancorp, Inc (NYB) 0.67
Newfield Exploration Company Co (NFX) 0.71
Pride International, Inc. Commo (PDE) 0.62
Vertex Pharmaceuticals Incorpor (VRTX) 0.91

Chart forSPDR S&P MidCap 400 ETF (MDY)

Call Options Expire at close Friday, September 17, 2010
Strike Symbol Last Chg Bid Ask Vol Open Int
99.00 MDY100918C00099000 32.80 0.00 32.70 34.90 0 2
100.00 MDY100918C00100000 36.40 0.00 32.00 33.90 0 7
101.00 MDY100918C00101000 31.00 0.00 30.70 32.90 0 1
102.00 MDY100918C00102000 35.20 0.00 29.90 32.10 0 6
103.00 MDY100918C00103000 29.70 0.00 29.00 31.00 0 2
104.00 MDY100918C00104000 33.90 0.00 28.00 30.00 0 24
110.00 MDY100918C00110000 34.60 0.00 22.50 23.90 0 12
113.00 MDY100918C00113000 39.10 0.00 19.50 21.10 0 1
114.00 MDY100918C00114000 31.60 0.00 18.50 20.10 0 2
115.00 MDY100918C00115000 24.60 0.00 17.80 19.20 0 14
116.00 MDY100918C00116000 29.30 0.00 16.90 18.30 0 12
117.00 MDY100918C00117000 19.91 0.00 16.00 16.90 5 20
118.00 MDY100918C00118000 27.40 0.00 14.90 16.40 0 1
120.00 MDY100918C00120000 12.30 0.00 13.30 14.50 40 40
121.00 MDY100918C00121000 13.20 0.00 12.50 13.60 1 11
122.00 MDY100918C00122000 13.20 0.00 11.30 12.80 1 3
123.00 MDY100918C00123000 13.60 0.00 10.60 11.80 7 7
124.00 MDY100918C00124000 13.00 0.00 9.70 11.10 1 2
125.00 MDY100918C00125000 11.80 0.00 9.10 10.20 4 17
126.00 MDY100918C00126000 18.80 0.00 8.20 9.40 0 55
127.00 MDY100918C00127000 15.31 0.00 7.50 8.30 0 34
128.00 MDY100918C00128000 9.30 0.00 6.90 7.50 4 6
129.00 MDY100918C00129000 9.40 0.00 6.10 6.80 2 51
130.00 MDY100918C00130000 5.50 Down 2.20 5.60 6.10 7 244
131.00 MDY100918C00131000 6.90 0.00 5.10 5.40 1 19
132.00 MDY100918C00132000 6.00 0.00 4.50 4.80 100 258
133.00 MDY100918C00133000 3.70 Down 2.10 3.90 4.20 342 109
134.00 MDY100918C00134000 5.10 0.00 3.30 3.70 4 52
135.00 MDY100918C00135000 2.90 Down 0.60 2.90 3.20 4,316 286
136.00 MDY100918C00136000 3.60 0.00 2.25 2.70 1 228
137.00 MDY100918C00137000 2.25 0.00 1.80 2.30 10 165
138.00 MDY100918C00138000 1.55 Down 0.60 1.50 1.80 3 449
139.00 MDY100918C00139000 1.35 Down 0.60 1.20 1.50 21 108
140.00 MDY100918C00140000 1.00 Down 0.95 1.00 1.20 1 289
141.00 MDY100918C00141000 0.95 Down 0.15 0.75 1.00 3 213
142.00 MDY100918C00142000 0.75 Down 0.15 0.60 0.75 4 181
143.00 MDY100918C00143000 1.05 0.00 0.45 0.70 14 153
144.00 MDY100918C00144000 1.00 0.00 0.30 0.55 1 140
145.00 MDY100918C00145000 0.55 0.00 0.25 0.45 4 401
146.00 MDY100918C00146000 0.80 0.00 0.15 0.40 1 71
147.00 MDY100918C00147000 1.70 0.00 0.05 0.35 1 52
148.00 MDY100918C00148000 1.05 0.00 N/A 0.30 11 121
149.00 MDY100918C00149000 0.30 0.00 N/A 0.25 2 125
150.00 MDY100918C00150000 0.45 0.00 N/A 0.20 14 227
151.00 MDY100918C00151000 0.10 0.00 N/A 0.20 12 62
152.00 MDY100918C00152000 0.61 0.00 N/A 0.20 10 61
153.00 MDY100918C00153000 1.80 0.00 N/A 0.20 10 95
154.00 MDY100918C00154000 0.10 0.00 N/A 0.15 2 104
155.00 MDY100918C00155000 0.45 0.00 N/A 0.15 1 120
156.00 MDY100918C00156000 0.40 0.00 N/A 0.15 1 97
157.00 MDY100918C00157000 1.45 0.00 N/A 0.15 10 55
158.00 MDY100918C00158000 1.50 0.00 N/A 0.15 0 66
159.00 MDY100918C00159000 1.20 0.00 N/A 0.15 13 108
160.00 MDY100918C00160000 0.05 0.00 N/A 0.15 3 240
161.00 MDY100918C00161000 1.50 0.00 N/A 0.15 0 156
162.00 MDY100918C00162000 0.15 0.00 N/A 0.15 4 133
163.00 MDY100918C00163000 1.35 0.00 N/A 0.15 0 63
164.00 MDY100918C00164000 1.60 0.00 N/A 0.15 0 95
165.00 MDY100918C00165000 0.60 0.00 N/A 0.15 0 44
166.00 MDY100918C00166000 1.55 0.00 N/A 0.15 0 77
167.00 MDY100918C00167000 1.15 0.00 N/A 0.15 0 110
168.00 MDY100918C00168000 1.25 0.00 N/A 0.15 0 30
169.00 MDY100918C00169000 1.15 0.00 N/A 0.15 0 31
170.00 MDY100918C00170000 1.00 0.00 N/A 0.15 0 53
171.00 MDY100918C00171000 0.90 0.00 N/A 0.15 0 51
172.00 MDY100918C00172000 0.95 0.00 N/A 0.15 0 10
174.00 MDY100918C00174000 0.50 0.00 N/A 0.15 0 61
176.00 MDY100918C00176000 0.55 0.00 N/A 0.15 0 11
177.00 MDY100918C00177000 0.51 0.00 N/A 0.15 0 40

Leave a Reply

Your email address will not be published. Required fields are marked *