Update: Top unusual option activity

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

Odyssey Marine (OMEX): Option volume 3,564 percent above average. An investor sold 3,500 March 2.50 puts for $0.70 and bought an equal number of October 2.50 puts for $0.25, looking for the stock to hold its ground. There was further activity scattered throughout the session. OMEX fell 33 percent to $2.16.

Orexigen Therapeutics (OREX): Option volume 3,311 percent above average. Investors bought and sold calls and puts as the stock ripped higher. OREX rose 49 percent to $2.19.

Goodrich (GR): Option volume 2,185 percent above average. An investor bought some 4,600 October 100 puts for about $2.75 and sold a matching number of October 90 puts for $0.75, looking for downside. GR fell 2.08 percent to $109.49.

James River Coal (JRCC): Option volume 1,516 percent above average. Investors bought more than 9,000 October 10 calls, looking for upside. JRCC fell 15 percent to $7.74.

Newcastle Investment (NCT): Option volume 1,350 percent above average. More than 4,000 October 7.50 puts were bought for about $3 as an investor looked for shares to push lower. NCT fell 7.14 percent to $4.55.

Rounding out the rest of the top 10:

  • Ultra Petroleum (UPL): Option volume 1,324 percent above average.
  • Sturm Ruger (RGR): Option volume 921 percent above average.
  • Dish Network (DISH): Option volume 904 percent above average.
  • Manitowoc (MTW): Option volume 876 percent above average.
  • Range Resources (RRC): Option volume 873 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 The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Options

Referenced Stocks: JRCC , NCT , OMEX , OREX , UPL

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As of 12/19/2014, 04:15 PM


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