Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.
Taiwan Semiconductor (TSM): More than 8,000 April 26 calls were sold for $0.25 to $0.30 as investors bet upside will be limited in the stock price. TSM rose 0.84 percent to $23.98.
Burlington Stores (BURL): Some 4,600 March 48 puts were sold for $0.75 and $0.80 as traders looked for the retailer to hold its ground in coming weeks. BURL rose 1.64 percent to $55.25.
Ally Financial (ALLY): Traders sold 18,000 March 17 calls for $0.85, but volume was below open interest at the strike. ALLY rose 3.20 percent to $17.44.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Credit: Shutterstock photo