Update: Top unusual option activity

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

SM Energy (SM): Option volume 1,938 percent above average. Investors bought the November 35 puts for $0.35 against open interest, and initiated new long positions in the August 80 calls for $1.45. SM rose 8.62 percent to $72.44.

Pandora Media (P): Option volume 1,869 percent above average. The online music stock continued to see heavy call and put buying two weeks after its initial public offering. P was unchanged at $17.50.

Newcastle Investment (NCT): Option volume 1,685 percent above average. Call volume surged as investors looked to reap its cash dividend. NCT rose 1.23 percent to $5.75.

eBay (EBAY):  Option volume 1,407 percent above average. Investors bought calls and sold puts as the online action stock experienced a late-day rally. EBAY rose 6.56 percent to $30.86.

iShares Dow Jones Select Dividend Index (DVY): Option volume 1,221 percent above average. Investors bought more than 2,200 August 54 calls for $0.25 to $0.30, and 1,000 July 53 calls for $0.25. DVY rose 0.61 percent to $52.61.

Rounding out the rest of the top 10 are:

  • AbitibiBowater (ABH): Option volume 1,199 percent above average.
  • Constellation Brands (STZ): Option volume 1,173 percent above average.
  • Nexen (NXY): Option volume 918 percent above average.
  • International Flavors & Fragrances (IFF): Option volume 753 percent above average.
  • Zagg (ZAGG): Option volume 737 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 Symbols: ABH , DVY , EBAY , NCT , P

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