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Top 10 list of unusual option activity

Posted
8/26/2011 12:03:00 PM
By: optionMONSTER
Referenced Stocks:IWN;P;RYN;UEC;VMED

Virgin Media (VMED): Option volume 1,280 percent above average. An investor bought 10,000 September 27 puts for $3.70 and sold 20,000 September 24 puts for $1.30, positioning for a limited drop. VMED rose 0.93 percent to $23.95.

Rayonier (RYN): Option volume 658 percent above average. Modest buying was detected in the October 40 October 40 puts, the November 40 puts and the November 40 calls. RYN
rose 1.20 percent to $39.79.

iShares Russell 2000 Value Index Fund (IWN): Option volume 631 percent above average. Investors bought the September 62 calls and the September 60 calls, looking for upside. IWN rose 0.85 percent to $60.59.

Uranium Energy (UEC): Option volume 615 percent above average. More than 1,000 November 5 puts were bought for $2.05 against existing open interest. UEC rose 2.46 percent to $3.17.

Pandora Media (P): Option volume 587 percent above average. About 3,000 September 12 puts were sold, mostly for $0.70, as investors looked for the shares to hold their ground. P rose 8.93 percent to $13.58.

Rounding out the rest of the top 10 are:

midday unusual

(Chart courtesy of tradeMONSTER)