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Update: Top unusual option activity

By: optionMONSTER
Posted: 10/18/2011 5:28:00 PM
Referenced Stocks: ASIA;CMTL;FCFS;HSP;PG

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

Comtech Telecommunications (CMTL): Option volume 4,483 percent above average. Call activity surged as investors looked to reap the quarterly dividend. A similar trade also occurred in Procter & Gamble (PG), where option volume was 3,091 percent above average.

First Cash Financial Services (FCFS): Option volume 3,325 percent above average. An investor sold 4,800 March 40 puts for and bought 7,200 puts, looking for a major selloff. FCFS rose 1.62 percent to $43.36.

Hospira (HSP): Option volume 2,784 percent above average. Investors sold calls and puts after the stock fell on a weak earnings report. HSP dropped 21 percent to $29.51.

AsiaInfo Linkage (ASIA): Option volume 2,724 percent above average. The January 7 puts and January 12 calls traded against open interest, apparently the closing of a bullish position. ASIA rose 1.52 percent to $10.03.

Rounding out the top 10 are:

Unusual Activity

(Chart courtesy of tradeMONSTER )