As of today's close, here are the top 10 names showing unusual
option activity on tradeMONSTER's LiveAction data systems.
Miller Energy (MILL): Option volume 3,818 percent above average.
More than 3,000 August 5 puts were sold for $0.10 to $0.85,
although volume was below open interest. MILL plunged 23 percent to
Avnet (AVT): Option volume 2,736 percent above average. An investor
sold about 5,000 August 29 calls for $0.85, anticipating little
upside in the stock. AVT rose 4.19 percent to $29.31.
Netgear (NTGR): Option volume 1,493 percent above average. More
than 2,000 August 35 calls were sold for $3.30 against no existing
open interest. NTGR rose 0.63 percent to $36.61.
Ancestry.com (ACOM): Option volume 1,471 percent above average.
Investors bought the September 40 puts, while selling the September
35 puts and the September 45 calls, positioning for potential
downside ahead of earnings. ACOM fell 3.04 percent to $40.18.
Clearwire (CLWR): Option volume 1,460 percent above average. More
than 13,000 December 1 puts were purchased for $0.16 and $0.17 as
traders looked for more downside. CLWR plunged 22 percent to $2.15.
Rounding out the rest of the top 10 are:
(Chart courtesy of tradeMONSTER)
- AON (AON): Option volume 1,412 percent above average.
- Fortune Brands (FO): Option volume 1,353 percent above
- Synaptics (SYNA): Option volume 1,292 percent above
- THQ (THQI): Option volume 1,255 percent above average.
- MELA Sciences (MELA): Option volume 1,205 percent above
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