Update: Top unusual option activity

By David Russell,

Shutterstock photo

Liz Claiborne (LIZ): Option volume 5,807 percent above average. Investors bought more than 6,000 September 5 calls for $0.20 to $0.45, plus more than 8,000 October 6s, looking for upside. LIZ rose 9.30 percent to $4.70.

Cninsure ADR (CISG): Option volume 2,57 percent above average. There was heavy trading in the September 11 puts for $1.30 to $2.75. CISG fell 10 percent to $10.93.

Shaw Group (SHAW): Option volume 2,608 percent above average. Investors bought more than 11,000 September 25 calls for $0.15 to $0.30, looking for upside. SHAW fell 1.96 percent to $21.47.

BPZ Resources (BPZ): Option volume 2,076 percent above average. Heavy activity was detected in the September 4 calls and the September 4 puts. BPZ fell 3.18 percent to $3.04.

Collective Brands (PSS): Option volume 1,863 percent above average. Activity surged after the shoe retailer beat earnings forecasts and announced plans to close stores. PSS rose 19 percent to $12.19.

Rounding out the rest of the top 10 are:

  • Developers Diversified (DDR): Option volume 1,602 percent above average.
  • Education Management (EDMC): Option volume 1,314 percent above average.
  • Thompson Creek (TC): Option volume 1,212 percent above average.
  • Honeywell (HON): Option volume 1,159 percent above average.
  • Neoprobe (NEOP): Option volume 1,134 percent above average.


closing unusual volume

(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: BPZ , CISG , LIZ , PSS , SHAW

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