Top 10 list of unusual option activity

By David Russell,

Shutterstock photo

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

Vanguard MSCI Europe ETF (VGK): Option volume 1,993 percent above average. A block of 5,000 September 53 puts was sold for $3.60. VGK fell 0.51 percent to $50.54.

Edison International (EIX): Option volume 1,301 percent above average. Investors bought 2,900 August 40 calls for $0.30 and $0.35, looking for upside. EIX rose 0.68 percent to $38.70.

Mead Johnson Nutrition (MJN): Option volume 728 percent above average. A block of 5,000 July 65 calls traded against open interest for $3.40 and a new position was opened in November, with the November 55 puts sold and the November 65 calls bought. MJN rose 0.34 percent to $68.64.

Gold Fields (GFI): Option volume 719 percent above average. Investors bought more than 20,000 August 14 calls for $0.95 to $1.24, looking for upside. GFI rose 2.42 percent to $3.18.

Cabot Microelectronics (CCMP): Option volume 706 percent above average. A protective position in 1,500 July 50 puts was rolled down to the August 45 contracts, resulting in a credit of $3.10. CCMP fell 2.76 percent to $43.75.

Rounding out the rest of the top 10 are:

  • ON Semiconductor (ONN): Option volume 553 percent above average.
  • News (NWSA): Option volume 484 percent above average.
  • Jones Group (JNY): Option volume 459 percent above average.
  • Quest Diagnostics (DGX): Option volume 452 percent above average.
  • Lear (LEA): Option volume 398 percent above average.

TM 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 Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing Options
Referenced Stocks: CCMP , EIX , GFI , MJN , VGK

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