Top 10 list of unusual option activity

By David Russell,

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

Vanguard Total Stock Market Index Fund (VTI): Option volume 1,619 percent above average. Investors buy 3,000 December 72 calls for $1.05 to $1.10, looking for upside. VTI rise 0.24 percent to $67.40.

L-3 Communications (LLL): Option volume 805 percent above average. Investors buy a mix of calls and puts, looking for increased volatility. LLL rises 5.11 percent to $86.59.

Tibco Software (TIBX): Option volume 725 percent above average. An investor buys 10,000 July 26 calls and sold an equal number of August 28 calls, looking for a limited move as earnings loom. TIBX rises 0.78 percent to $25.92.

Allied Nevada Gold (ANV): Option volume 550 percent above average. Investors buy 4,400 September 30 puts for $1.60, seeking protection as the shares advance. ANV rallies 6.50 percent to $34.92

RF Micro Devices (RFMD): Option volume 530 percent above average. More than 8,000 August 6 puts are bought for $0.60 against existing open interest. RDMD rises 2.12 percent to $5.77

Rounding out the rest of the top 10 are:

  • AeroVironment (AVAV): Option volume 527 percent above average.
  • Hansen Natural (HANS): Option volume 426 percent above average.
  • Gold Resource (GORO): Option volume 404 percent above average.
  • Progressive (PGR): Option volume 403 percent above average.
  • Comtech Telecommunications (CMTL): Option volume 377 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: ANV , LLL , RFMD , TIBX , VTI

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