As of today's close, here are the top 10 names showing unusual
option activity on tradeMONSTER's data systems.
Zion Oil & Gas (ZN): Option volume 15,422 percent above
average. More than 37,000 June 5 calls traded for $1.90 to $2 in
the final minutes of trading. ZN rose 5.92 percent to $6.98.
Altria Group (MO): Option volume 11,308 percent above average. Call
activity surged as investors looked to reap the tobacco company's
Other top-10 names that saw dividend plays were Viacom (VIA.B),
with option volume 5,572 percent above average, Public Storage
(PSA), with option volume 5,258 percent above average, Eastman
Chemical (EMN), with option volume 2,995 percent above average, and
Leggett & Platt (LEG), with option volume 1,781 percent above
Cadence Design Systems (CDNS): Option volume 4,897 percent above
average. A block of 22,000 November 10 calls was sold for $0.88 in
the software company, reflecting a belief that upside is limited.
CDNS fell 2.04 percent to $10.06.
Dr Pepper Snapple Group (DPS): Option volume 2,303 percent above
average. Investors purchased more than 7,000 July 40 calls for
$0.95 to $1.10, looking for the beverage stock to rally. DPS rose 1
percent to $40.31.
The remainin two names on the top-10 list are: Approach Resources
(AREX), with option volume 1,802 percent above average, and Odyssey
Marine Exploration (OMEX), with option volume 1770 percent above
(Chart courtesy of tradeMONSTER)
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