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.
Con-way (CNW): Option volume 1,328 percent above average. Investors purchased 5,000 September 25 puts, looking for downside. CNW fell 5.81 percent to $23.94.
CB Richard Ellis Group (CBG): Option volume 1,014 percent above average. A short position in the September 20 puts was rolled to the September 15 strike as an investor adjusted to lower prices. CBG fell 8.65 percent to $14.68.
CNO Financial Group (CNO): Option volume 947 percent above average. A position in the August 6 calls was rolled to the September 5 strike. CNO fell 6.61 percent to $5.79.
Mini SPX Index (XSP): Option volume 508 percent above average. There was a surge of activity in the August 111 puts and August 112 puts. XSP fell 4.24 percent to $114.33.
Principal Financial Group (PFG): Option volume 463 percent above average. A block of 1,000 August 25 puts was sold for $2.75. PFG fell 4.83 percent to $22.64.
Rounding out the rest of the top 10 are:
- Ship Financial International (SFL): Option volume 444 percent above average.
- Cognizant Technology Solutions (CTSH): Option volume 444 percent above average.
- iShares S&P Latin American 40 Index (ILF): Option volume 423 percent above average.
- SPDR Barclays Capital High Yield Bond (JNK): Option volume 389 percent above average.
- Stryker (SY): Option volume 372 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.
