Nearing the halfway mark in today's session, here are the top 10
names showing unusual option activity on tradeMONSTER's LiveAction
About halfway through today's session, here are the top 10 names
showing unusual option activity on tradeMONSTER's data systems.
News (NWS): Option volume 2,480 percent above average. An investor
sold about 19,000 October 16 calls for $0.63 and bought 23,000
October 15 puts for $1.48 to $1.50, positioning for lower prices.
NWS rose 3.14 percent to $14.45.
CareFusion (CFN): Option volume 2,147 percent above average. A
block of 6,300 August 23 puts were sold for $0.75 against existing
open interest. CFN rose 6.87 percent to $23.79.
Meritor (MTOR): Option volume 1,740 percent above average. Some
10,000 February 10 calls were purchased for $1.30 to $1.45. There
was also unusual activity in the February 10 puts and the February
9 puts, possibly suggesting an unusual arbitrage strategy. MTOR
rose 4.02 percent to $8.53.
Giant Interactive (GA): Option volume 1,021 percent above average.
About 6,000 August 7.50 calls and 3,000 August 7.50 puts were sold
against existing open interest. GA rose 4.36 percent to $7.91.
Manitowoc (MTW): Option volume 953 percent above average. A
position in more than 10,000 September 15 calls was rolled to the
December 15 contracts. MTW rose 6.31 percent to $9.60.
Rounding out the rest of the top 10 are:
(Chart courtesy of tradeMONSTER)
- Arkansas Best (ABFS): Option volume 816 percent above
- Globe Specialty Metals (GSM): Option volume 783 percent above
- Chemtura (CHMT): Option volume 716 percent above
- Harman International (HAR): Option volume 666 percent above
- DeVry (DV): Option volume 614 percent above average.
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