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.

Sara Lee (SLE): Option volume 6,535 percent above average. A collar in the October 16 puts and October 19 calls was rolled to the January 15 puts and the January 17.50 calls as an investor kept a protective strategy in place. SLE fell 2.26 percent to $17.30.

New Gold (NGD): Option volume 2,703 percent above average. More than 50,000 November 11 calls were bought as investors looked for upside. NGD fell 5.31 percent to $10.70.

Oneok (OKE): Option volume 1,982 percent above average. Investors sold the October 70 puts and bought the October 70 calls, looking for the shares to go up. OKE fell 0.54 percent to $71.86.

Arcos Dorados (ARCO): Option volume 1,472 percent above average. Activity surged in the October 25 calls and the November 30 puts, probably part of an institutional arbitrage trade. ARCO fell 4.35 percent to $22.64.

iShares iBoxx $ Investment Grade Corporate Bond Fund (LQD): Option volume 1,429 percent above average. More than 7,000 March 108 puts were bought, mostly for $2.05, as investors positioned for downside. LQD rose 0.26 percent to $112.34.

Rounding out the top 10 are:

  • Winn Dixie (WINN): Option volume 1,358 percent above average.
  • Live Nation (LYV): Option volume 1,278 percent above average.
  • Tekelec (TKLC): Option volume 1,240 percent above average.
  • PharMerica (PMC): Option volume 1,214 percent above average.
  • CenturyTel (CTL): Option volume 1,085 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.

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


This article appears in: Investing , Options

Referenced Stocks: ARCO , LQD , NGD , OKE , SLE

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As of 10/30/2014, 04:15 PM

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