Top 10 list of unusual option activity

By optionMONSTER October 10, 2011, 12:15:43 PM EDT

Nearing the halfway mark in today's session, here are the top 10 names showing unusual option activity on tradeMONSTER's LiveAction data system.

China Unicom (CHU): Option volume 991 percent above average. Investors sold the October 19 calls and the October 18 puts, looking for the stock to remain trapped in a range. CHU fell 0.38 percent to $19.42.

Express (EXPR): Option volume 673 percent above average. More than 3,000 November 22.50 calls were sold for $1.75 to $1.80 as investors bet that upside will be limited. EXPR rose 0.78 percent to $22.66.

Superior Energy (SPN): Option volume 653 percent above average. Traders bought and sold calls after the company announced the acquisition of Complete Production. SPN plunged 18 percent to $22.48.

iShares MSCI Canada (EWC): Option volume 505 percent above average. More than 4,000 November 26 puts were bought as investors positioned for downside. EWC rose 3.18 percent to $26.57.

Coventry Health (CVH): Option volume 495 percent above average. Investors bought the October 29 puts and the October 30 puts, looking for downside. CVH rose 3.56 percent to $29.08.

Rounding out the top 10 are:

  • Cheesecake Factory (CAKE): Option volume 493 percent above average.
  • Scripps Network Interactive (SNI): Option volume 492 percent above average.
  • Complete Production (CPX): Option volume 484 percent above average.
  • Continental Resources (CLR): Option volume 481 percent above average.
  • Health Management Associates (HMA): Option volume 481 percent above average.

Unusual Activity

(Chart courtesy of tradeMONSTER )




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Options

Referenced Stocks: CHU, CVH, EWC, EXPR, SPN



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Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%