Update: Top unusual option activity

By David Russell,

Shutterstock photo

As of today's market close, here are the top 10 names showing unusual option activity on tradeMONSTER's LiveAction data system.

Fortress Investment Group (FIG): Option volume 5,091 percent above average. The January 2.50 calls and January 5 puts actively traded against existing open interest. FIG dropped 3.65 percent to $2.90.

McDermott International (MDR): Option volume 1,737 percent above average. Investors bought the October 14 calls, the November 10 calls, the November 14 calls and the November 13 calls, looking for upside. MDR rose 4.37 percent to $11.23.

TCF Financial (TCB): Option volume 1,684 percent above average. A surge of activity occurred in the January 9 puts, the October 12 puts and the April 10 puts. TCB rose 4.04 percent to $8.79.

Alkermes (ALKS): Option volume 1,511 percent above average. The November 16 puts and the November 20 calls traded against open interest as an investor apparently closed an existing bearish position. ALKS fell 8.33 percent to $13.98.

Pharmaceutical Product Development (PPDI): Option volume 1,505 percent above average. Investors bought the October 32.50 calls and sold the January 32.50 calls. PPDI rose 32 percent to $32.28.

Rounding out the top 10 are:

  • Targacept (TRGT): Option volume 1,442 percent above average.
  • Universal Health Services (UHS): Option volume 1,236 percent above average.
  • Coventry Health Services (CVH): Option volume 1,130 percent above average.
  • Armour Residential (ARR): Option volume 1,063 percent above average.
  • Nektar Therapeutics (NKTR): Option volume 1,056 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 Nasdaq, Inc.

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

This article appears in: Investing Options
Referenced Stocks: ALKS , FIG , MDR , PPDI , TCB

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