Markets

Top 10 list of unusual option activity

About halfway through today's session, here are the top 10 names showing unusual option activity on tradeMONSTER's data systems.

Venoco (VQ): Option volume 1,446 percent above average. Call volume surged after the stock ripped higher. VQ rose 31 percent to $11.83.

Molex (MOLX): Option volume 740 percent above average. Investors bought about 1,700 September 20 puts for $0.50 to $0.65. MOLX rose 2.61 percent to $20.82.

Northgate Minerals (NXG): Option volume 625 percent above average. Investors bought and sold calls, with most of the activity below open interest. NXG rose 36 percent to $4.29.

CareFusion (CFN): Option volume 594 percent above average. Investors sold the October 23 puts and bought the October 27 calls, looking for upside. CFN rose 2.47 percent to $25.33.

ProShares UltraShort Gold (GLL): Option volume 502 percent above average. About 2,800 September 18 calls were purchased, mostly for $0.55, as investors looked for gold to push lower. GLL rose 3.23 percent to $16.28.

Rounding out the rest of the top 10 are:

  • FTI Consulting (FCN): Option volume 452 percent above average.
  • USG (USG): Option volume 382 percent above average.
  • Giant Interactive (GA): Option volume 373 percent above average.
  • QLT (RDN): Option volume 354 percent above average.
  • Windstream (WIN): Option volume 338 percent above average.

(Chart courtesy of tradeMONSTER)

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.

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