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
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.
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