Active Options Trading for March 13: GS, NFLX, FSLR, AMZN, GOOG, PCLN

Floor of the New York Stock Exchange

Stocks are rallying big time into the close today with the Dow up 167 points, the Nasdaq is up 41 points and the S&P 500 is up 18 points. Optimism about the U.S. economy and the debt crisis in Europe has sent the Dow well over 13,100. The Fed’s statement today showed no change in policy. They did say however that inflation could see an increase due to higher energy costs.

Options Trading

Goldman Sachs Group (NYSE:GS) is up 5.51% today at $123.39. GS has traded 6.7 million shares this afternoon and will close the day with above average volume. GS calls are seeing lots of price action and volume today. Over 13,000 call contracts have been traded at $120 today. $120 calls are up nearly $4 on the day at $4.56. $125 calls are also seeing big volume with over 11,000 contracts traded. Those contracts are up $1.43 at $1.55.

Netflix, Inc. (NASDAQ:NFLX) is up 0.14% today at $106.33. NFLX is trading light volume today with 3.8 million shares traded. The stock usually trades 8.3 million shares a day on average. Netflix puts are seeing the bulk of the volume for March options this afternoon. $105 puts have traded 5,400 contracts in afternoon trading and are currently down $0.63 at 1.65. $110 puts are also seeing volume today with over 2,600 contracts traded. Those puts are currently down $0.60 at $4.55.

First Solar, Inc. (NASDAQ:FSLR) is up 5.42% this afternoon at $27.23. FSLR has traded 4.4 million shares so far today and trades 5.7 million shares a day on average. FSLR is seeing the majority of its March options volume at $27 today. $27 call options have traded 1,800 contracts today and are up $0.36 at $0.81. Puts on the other are down $1.02 at $0.62 with more than 2,300 contracts traded.

Amazon.com, Inc. (NASDAQ:AMZN) is up 0.13% today at $183.63. AMZN is seeing light volume today with only 3.4 million shares traded. The stock typically trades around 6.1 million shares a day. Amazon call options at $185 are trading down $0.30 today at $1.04 with over 10,600 contracts traded. Put options at $180 have seen big volume today and are down $0.35 at $0.64 with over 9,600 contracts traded.

Google Inc. (NASDAQ:GOOG) is up 1.37% this afternoon at $613.50. GOOG has traded 1.6 million shares so far today and trades 2.7 million shares a day on average. GOOG calls at $610 are up $3.90 at $7 this afternoon with over 3,500 contracts traded. Put options at $610 have also seen decent volume today and are trading down $5.26 at $2.74.

Priceline.com Inc (NASDAQ:PCLN) is up 0.20% today at $652.28. PCLN has traded 465 thousand shares so far today and trades 876 thousand shares a day on average. PCLN March calls at $650 are down $0.60 today at $6.70 with 2,000 contracts traded. On the flip side, puts are also down $2.47 at $4.13 with over 2,000 contracts traded.

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About Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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