Top 10 list of unusual option activity

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

Orexigen Therapeutics (OREX): Option volume 2,363 percent above average. Investors bought and sold calls and puts as the stock ripped higher. OREX rose 50 percent to $2.21.

James River Coal (JRCC): Option volume 1,288 percent above average. Investors are buying the October 8 calls and the November 9 calls, looking for a rebound. JRCC fell 6.29 percent to $8.49.

Odyssey Marine (OMEX): Option volume 1,226 percent above average. An investor sold 3,500 March 2.50 puts for $0.70 and bought an equal number of October 2.50 puts for $0.25, looking for the stock to hold its ground. OMEX fell 1.85 percent to $3.18.

Boise (BZ): Option volume 841 percent above average. A block of 10,000 December 6.60 calls were sold for $0.90, a bet that upside is limited over the next three months. BZ fell 2.30 percent to $6.38.

Manitowoc (MTW): Option volume 759 percent above average. About 15,000 December 12 calls were sold for $0.20 against open interest and an equal number of March 10 calls were bought for $1. The trader seems to be moving a position to a later expiration, keeping hope that the stock will rebound. MTW fell 1.34 percent to $8.07.

Rounding out the rest of the top 10:

  • Goodrich (GR): Option volume 616 percent above average.
  • MagicJack VocalTec (CALL): Option volume 423 percent above average.
  • Denbury Resources (DNR): Option volume 416 percent above average.
  • Range Resources (RRC): Option volume 381 percent above average.
  • Duke Energy (DUK): Option volume 367 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.

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This article appears in: Investing , Options

Referenced Stocks: BZ , JRCC , MTW , OMEX , OREX

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As of 8/1/2014, 04:03 PM