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.  

News (NWS): Option volume 2,912 percent above average. There was heavy selling in the October 15 puts and the October 16 puts, looking for the stock to remain in a range. NWS rose 6.42 percent to $14.91.

CareFusion (CFN): Option volume 2,226 percent above average. More than 6,000 August 23 puts were sold for $0.75. CFN rose 9.97 percent to $24.48.

Meritor (MTOR): Option volume 2,128 percent above average. More than 10,000 February 10 calls were purchased for $1.30 to $1.45. MTOR rose 7.80 percent to $8.84.

Blackstone (BX): Option volume 1,608 percent above average. An investor bought 31,000 January 2013 15 calls for $2 and sold 71,000 January 2013 20 calls for $0.80. Known as a ratio spread, the trade is designed to leverage a rebound to $20. BX fell 7.97 percent to $13.

Harman International (HAR): Option volume 1,577 percent above average. Some 1,600 August 30 calls were bought for $2.42 and an equal number of August 35 calls were sold for $0.72. Known as a vertical call spread, the trade will leverage a rebound to $35 or higher. HAR rose 3.51 percent to $30.04.

Rounding out the rest of the top 10 are:

  • Kirby (KEX): Option volume 1,362 percent above average.
  • Giant Interactive Group (GA): Option volume 1,200 percent above average.
  • AES (AES): Option volume 1,183 percent above average.
  • Manitowoc (MTW): Option volume 1,110 percent above average.
  • International Flavors & Fragrances (IFF): Option volume 998 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 Nasdaq, Inc.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.

This article appears in: Investing , Options
Referenced Symbols: BX , CFN , HAR , MTOR , NWS

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