Top 10 list of unusual option activity

By David Russell,

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Virgin Media (VMED): Option volume 1,280 percent above average. An investor bought 10,000 September 27 puts for $3.70 and sold 20,000 September 24 puts for $1.30, positioning for a limited drop. VMED rose 0.93 percent to $23.95.

Rayonier (RYN): Option volume 658 percent above average. Modest buying was detected in the October 40 October 40 puts, the November 40 puts and the November 40 calls. RYN
rose 1.20 percent to $39.79.

iShares Russell 2000 Value Index Fund (IWN): Option volume 631 percent above average. Investors bought the September 62 calls and the September 60 calls, looking for upside. IWN rose 0.85 percent to $60.59.

Uranium Energy (UEC): Option volume 615 percent above average. More than 1,000 November 5 puts were bought for $2.05 against existing open interest. UEC rose 2.46 percent to $3.17.

Pandora Media (P): Option volume 587 percent above average. About 3,000 September 12 puts were sold, mostly for $0.70, as investors looked for the shares to hold their ground. P rose 8.93 percent to $13.58.

Rounding out the rest of the top 10 are:

  • SPDR S&P Homebuilders ETF (XHB): Option volume 482 percent above average.
  • Rockwell Automation (ROK): Option volume 434 percent above average.
  • Radian Group (RDN): Option volume 414 percent above average.
  • LSI (LSI): Option volume 359 percent above average.
  • Discovery Communications (DISCA): Option volume 345 percent above average.

midday unusual

(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: IWN , P , RYN , UEC , VMED

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