Unusual Options Activity for March 6th, 2013

Yesterday we saw some rather interesting options activity. We saw a lot of put volume relative to open interest in several pipeline companies. The movement is likely bearish overall, and yesterday's trend confirmed that, with all 3 companies ending in the red. Here's what we saw: Kinder Morgan (KMI): April Out-The-Money $35.00 puts traded 4,075 times over an open interest of 217. Energy Transfer Partners (ETP): April Slightly-Out-The-Money $45.00 puts traded 2,915 times over an open interest of 193. Enterprise Products Partners (EPD): April Slightly-Out-The-Money $55 put options traded 3,238 times over an open interest of 135. There was also some other key stocks that had noticeable options activity. Below are the following stocks that caught our eye: Johnson Controls (JCI): March At-The-Money $33.00 calls trade 5,206 times over an open interest of 163 and March $33.00 puts trade 3,577 times over an open interest of 0. Supervalu Inc. (SVU): April At-The-Money $4.00 calls trade 7,544 times over an open interest of 3,474. JDS Uniphase Corp (JDSU): March At-The-Money $14.00 puts trade 10,671 times over an open interest of 5,860. GOL Linhas Aereas Inteligentes (GOL): July At-The-Money $7.50 calls trade 5,012 times over an open interest of 72. Ford (F): March At-The-Money $13.00 calls trade 43,000 times, below open interest, but very high volume for near-expiring option. Fifth & Pacific Company (FNP): April At-The-Money $19.00 calls trade 5,043 times over an open interest of 566. Hewlett_Packard (HPQ): May Slightly-Out-The-Money $22.00 calls trade 15,899 times over an open interest of 1,965. MGM Resorts (MGM): January 2015 Out-The-Money $10.00 puts trade 10,000 times over an open interest of 1,398 and 9,740 times for the January 2015 Out-The-Money $15.00 Calls. Yahoo (YHOO): October Out-The-Money $27.00 Calls trade 15,022 times over an open interest of 12 and October $29.00 calls trade 30,034 times over an open interest of 33. S&P 500 ETF (SPY): May $155.00 calls trade 89,000 times and May $155.00 puts trade 91,000 times, indicating a large, slightly bearish straddle was placed. Harley-Davidson (HOG): March Slightly-Out-The-Money $55.00 calls trade 2,500 times over an open interest of 1,702 amid a potential buyout rumor.