Options Lunch Sees Tech Drop and SLV Rise

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InvestorPlace
Your intraday option s trading update. Trading moderate post-Bernanke press conference rally. Earnings reports mixed with Aetna (NYSE: AET ) making traders happy and rising 1.70 to 41.51, while Akamai (NASDAQ: AKAM ) drops around $6 to 35. Top action continues from investors fascinated by shiny metal. "Silver still the talk of the day," said Roy Briggs with the Stutland Volatility Group in Chicago. The iShares Silver Trust (NYSE: SLV ) is up 1.56% to 47.74 on volume of nearly 100 million. Briggs seeing interesting options trading in the iShares MSCI Emerging Markets Index (NYSE: EEM ). A trader sold an EEM June Put Spread, 10,000 contracts on each side. Sold the June 49 Put and bought the June 45 Put for a credit of around $1. "If the EEM stays here (until June expiration), the seller collects the premium," said Briggs. EEM is at 49.58, down .53. Foster Wheeler (NASDAQ: FWLT ) also on Briggs' radar as about 1100 FWLT May 37 Calls trade for 50 cents, no one large block. The strike has open interest of 1400 before the trade. "Maybe it's someone taking a shot," ahead of Foster Wheeler's earnings report May 3, said Briggs. FWLT designs and operates oil and gas processing facilities worldwide.