Credit: Shutterstock photoNearing the halfway mark in today's session, here are the top 10 names showing unusual option activity on tradeMONSTER's LiveAction data system.
Lubrizol (LZ): Option volume 934 percent above average. An investor sold 11,582 August 135 puts for $0.50, looking for the shares to hold their ground or inch higher. LZ fell 0.05 percent to $134.65.
Resmed (RMD): Option volume 911 percent above average. An investor sold 1,478 August 35 calls for $0.20 to $0.30. RMD fell 1.46 percent to $29.74.
MetroPCS Communications (PCS): Option volume 828 percent above average. Investors bought puts and sold calls as the stock plummeted lower. PCS cratered 30 percent to $11.29.
Hertz Global Holdings (HTZ): Option volume 785 percent above average. More than 14,000 September 15 calls were purchased for $0.65 to $0.75 as investors positioned for a rebound. HTZ fell 4.59 percent to $13.30.
II VI (IIVI): Option volume 581 percent above average. More than 1,000 August 27.50 puts were sold against open interest, likely the result of a position being closed. IIVI fell 11 percent to $22.43.
Rounding out the rest of the top 10 are:
- Manitowoc (MTW): Option volume 528 percent above average.
- iShares Nasdaq Biotechnology Index (IBB): Option volume 525 percent above average.
- Domtar (UFS): Option volume 504 percent above average.
- Infinera (INFN): Option volume 492 percent above average.
- Ocwen Financial (OCN): Option volume 481 percent above average.
(Chart courtesy of tradeMONSTER)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
