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.

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:

  • Arkansas Best (ABFS): Option volume 816 percent above average.
  • Globe Specialty Metals (GSM): Option volume 783 percent above average.
  • Chemtura (CHMT): Option volume 716 percent above average.
  • Harman International (HAR): Option volume 666 percent above average.
  • DeVry (DV): Option volume 614 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: CFN , GA , MTOR , MTW , NEWS

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