Markets

Unusual option activity at halfway point

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

Health Management Associates (HMA): Option volume 3,255 percent above average. An investor sold 11,000 contracts each in the August 11 puts for $0.90 and the August 11 calls for $0.45. Known as a short straddle, it reflects a belief that the hospital stock will remain in a range through expiration. HMA is down 1.93 percent to $10.67.

Gen Probe (GPRO): Option volume 1,861 percent above average. The maker of medical-diagnostic tests saw heavy call activity, with a mix of buying and selling, after a report that Novartis is now its only potential suitor. GPRO fell 13 percent to $71.35.

Life Technology (LIFE): Option volume 824 percent above average. Investors sold 5,000 June 50 puts in the life-sciences company for $0.40 to $0.75, betting it will hold its ground over the next two weeks. LIFE rose 1.31 percent to $50.99.

Imperial Sugar (IPSU): Option volume 768 percent above average. Investors bought 1,400 July 20 puts for $0.70, positioning for downside in the sugar company. IPSU rose 0.51 percent to $21.64.

Exelixis (EXEL): Option volume 720 percent above average. Investors sold 2,000 August 10 puts for $1.425 and separately bought 1,000 July 11 calls for $0.45, reflecting a belief the drug developer will bounce. EXEL is down 15 percent to $9.29.

Rounding out the rest of the top 10 are:

  • Aluminum Corp. of China (ACH): Option volume 680 percent above average.
  • Minas Buenaventura (BVN): Option volume 635 percent above average.
  • LinkedIn (LNKD): Option volume 600 percent above average.
  • Regal Entertainment (RGC): Option volume 595 percent above average.
  • United Therapeutics (UTHR): Option volume 560 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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