About halfway through today's session, here are the top 10 names
showing unusual option activity on tradeMONSTER's data
Approach Resources (AREX): Option volume 1,744 percent above
average. The energy company sees heavy activity in the October 20
puts, with more than 2,700 contracts trading. AREX fell 4.38
percent to $21.61.
China Unicom (CHU): Option volume 1,620 percent above average. An
investor sold 4,000 June 22 puts on the Hong Kong-based telecom and
bought 6,000 June 21 puts, looking for further downside. CHU fell
4.30 percent to $20.26.
Travelers (TRV): Option volume 1,596 percent above average. A
bullish three-part strategy was opened, with 3,000 January 55 calls
bought, while 6,000 January 65 calls and 7,000 January 50 puts were
sold. TRV fell 3.08 percent to $59.20.
Resolute Energy (REN): Option volume 1,295 percent above average. A
block of 3,500 December 12.50 puts traded for $0.20 against
previous open interest. REN falls 0.44 percent to $16.91.
NovaGold Resources (NG): Options volume 1,079 percent above
average. A large bearish put spread was rolled from September to
December. NG fell 1.52 percent to $9.70.
Rounding out the rest of the top 10 are:
(Chart courtesy of tradeMONSTER)
- Odyssey Marine Exploration (OMEX): Options volume 869 percent
- Celsion (CLSN): Options volume 792 percent above
- Aastrom Biosciences (ASTM): Options volume 757 percent above
- Taiwan Semiconductor Manufacturing (TSM): Options volume 741
percent above average.
- Silgan Holdings (SLGN): Options volume 671 percent above