Update: Top unusual option activity

By David Russell,

Shutterstock photo

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

Silgan Holdings (SLGN): Options volume 2,053 percent above average. Activity spikes as the thinly traded packaging stock drops. SLGN falls 5.86 percent to $40.62.

Timberland (TBL): Options volume 1,799 percent above average. Investors sell calls and puts after the footwear company agreed to be acquired for by VF. TBL climbs 44 percent to $43.20.

Federated Investors (FII): Options volume 1,708 percent above average. More than 4,500 3,800 January 20 puts were bought for $1.10. FII falls 0.25 percent to $24.08.

Liberty Global (LBTYA): Options volume 1,577 percent above average. An investor bought about 7,000 June 42 calls, most of which priced for $0.23, betting that the global broadband company will resume its uptrend. LBTYA fell 1.03 percent to $41.33.

Sensata Technologies (ST): Options volume 1,483 percent above average. One thousand July 35 puts were sold for $2.06 against open interest and 2,000 July 30 puts were bought for $0.43, suggesting a bearish position was adjusted and increased in hope of more downside. ST fell 0.98 percent to $33.36.

Rounding out the rest of the top 10 are:

  • CH Robinson Worldwide (CHRW): Options volume 1,303 percent above average.
  • Majesco Entertainment (COOL): Options volume 1,243 percent above average.
  • BE Aerospace (BEAV): Options volume 1,182 percent above average.
  • News Corp. (NWS): Options volume 1,010 percent above average.
  • Brasil Foods (BRFS): Options volume 867 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 Stocks: FII , LBTYA , SLGN , ST , TBL

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