Nearing the halfway mark in today's session, here are the top 10
names showing unusual option activity on tradeMONSTER's LiveAction
Flamel Technologies (FLML): Option volume 3,025 percent above
average. A short position in the August 2.05 calls was rolled to
the September 2.50 strike for a credit of $0.07. FLML rose 4.47
percent to $4.44.
Targacept (TRGT): Option volume 759 percent above average. The
November 15 puts were sold for $4.10 and the September 15 puts were
bought for $1.20. Known as a calendar spread, the investor is
hoping that shares will stay above $15. TRGT rose 2.45 percent to
Ivanhoe Mines (IVN): Option volume 638 percent above average. More
than 9,000 September 22 puts were rolled to the December 20 strike.
IVN rose 1.50 percent to $20.98.
Diana Shipping (DSX): Option volume 513 percent above average. More
than 1,700 December 8 puts were sold for $0.60. DSX rose 2.69
percent to $8.39.
Blue Coat (BCSI): Option volume 489 percent above average.
Investors bought calls and puts after the stock cratered on a poor
earnings report. BCSI is down 23 percent to $13.60.
Rounding out the rest of the top 10 are:
(Chart courtesy of tradeMONSTER)
- ZioPharm Oncology (ZIOP): Option volume 399 percent above
- Chicos FAS (CHS): Option volume 396 percent above
- Sony (SNE): Option volume 395 percent above average.
- Liberty Media (LINTA): Option volume 381 percent above
- Photronics (PLAB): Option volume 369 percent above
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