Top 10 list of unusual option activity

By David Russell,

Shutterstock photo

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

Travelzoo (TZOO): Option volume 1,239 percent above average. Investors sold the December 50 puts, looking for shares to hold their ground. TZOO rose 4.95 percent to $89.11.

Pharmaceutical Product Development (PPDI): Option volume 1,145 percent above average. About 1,500 contracts each were sold in the August 30 puts for $0.85 and the August 30 calls for $1.30. The trade will benefit from the stock moving sideways over the next month. PPDI fell 1.63 percent to $30.24.

News (NWS): Option volume 908 percent above average. Investors sold the January 12 puts for $0.45 and the January 14 puts for $0.90, looking for shares to hold their ground. NWS rose 5.06 percent to $16.18.

DG FastChannel (DGIT): Option volume 650 percent above average. Investors sold more than 1,200 August 30 calls, most of which priced for $1.75. DGIT rose 4.89 percent to $30.44.

Allstate (ALL): Option volume 628 percent above average. Investors adjusted large positions in January call contracts. ALL rose 0.07 percent to $28.03.

Rounding out the rest of the top 10 are:

  • WebMD (WBMD): Option volume 531 percent above average.
  • Odyssey Marine (OMEX): Option volume 500 percent above average.
  • Kinetic Concepts (KCI): Option volume 489 percent above average.
  • Thoratec (THOR): Option volume 483 percent above average.
  • Equity Residential (EQR): Option volume 465 percent above average.

TM 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 Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing Options
Referenced Stocks: ALL , DGIT , NWS , PPDI , TZOO

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