Top names in unusual option activity

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

BioDelivery Sciences (BDSI): Option volume 728 percent above average. More than 3,000 October 2.50 calls were sold for $0.05 and $0.10 against existing open interest. BDSI cratered 57 percent to $1.33.

Focus Media Holding (FMCN): Option volume 524 percent above average. A position in the October 23 puts was rolled to the October 20 contracts. There was also heavy buying separately in the October 20s as investors position for downside. FMCN dropped 11 percent to $22.04.

Dollar General (DG): Option volume 502 percent above average. More than 7,600 November 40 calls were sold for $0.90 to $1 as investors bet on resistance in the near term. DG fell 1.30 percent to $37.29.

Diamond Foods (DMND): Option volume 434 percent above average. Activity surged in the December 120 calls and December 120 puts, apparently as part of a market-neutral arbitrage trade. DMND rose 1.95 percent to $81.72.

CenterPoint Energy (CNP): Option volume 413 percent above average. The November 22.50 calls traded heavily against existing open interest. CNP rose 3.97 percent to $19.88.

Rounding out the rest of list are:

  • Arris Group (ARRS): Option volume 407 percent above average.
  • CommVault Systems (CVLT): Option volume 364 percent above average.
  • Tessera Technologies (TSRA): Option volume 340 percent above average.
  • Sturm Ruger (RGR): Option volume 315 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: BDSI , CNP , DG , DMND , FMCN

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As of 7/24/2014, 04:04 PM