AFLAC Inc. (AFL) shares are trading 1.9% lower ahead of the company's Q2 earnings release after the close today and option activity suggest a Bearish mood toward the upcoming release.

CarMax Inc. (KMX), the retailer of used vehicles, sees a Bearish option trade this morning with a multi-exchange sweep of 5,000 August 31 Puts.

Barclays PLC (BCS) is seeing defensive option activity this morning with an investor purchasing 12,500 September Puts at $.20.

Temple-Inland Inc. (TIN), the manufacturer of corrugated packaging and building products, sees a Bullish ratio Call spread opened today with an investor purchasing a total of 8,000 November Calls at $2.75 and simultaneous selling 16,000 November 35 Calls at $.30.

Unusual option activity this morning in financial security company Genworth Financial Inc. (GNW) following the company's Q2 pre-announcement after the close yesterday.

It looks like someone is looking for consumer electronics retailer RadioShack Corp. (RSH) to beat estimates when they release their Q2 earnings on Monday.

St. Jude Medical Inc. (STJ), the St. Paul, MN based medical device maker, reported sales that were down more than 5% for the quarter and lowered its per-share earnings forecast three cents for the year.

PulteGroup, Inc. (PHM) shares got a boost this morning following a surprise 15% rise in housing starts for the month of June. Building permits also edged out estimates showing a 2.5% increase for the month.

MBIA Inc. (MBI) shares rallied as much as 13% yesterday following news that Bank of America had made a preliminary offer to settle a dispute over bad mortgages.

Clorox Co. (CLX) shares are trading at a 4.4% discount to Carl Icahn's $76.50 bid for the company this morning as investors try to digest whether he can get the deal done or is just trying to boost the share price, of which he owns 9.4%, in hopes of enticing another suitor.

Interesting late day option trade in Radiant Systems, Inc. (RADS) Thursday with a block of 6,750 August 27.5 Calls purchased at $1.15 with just minutes left in the session.

Cree, Inc. (CREE), the Durham, NC based semiconductor maker, sees it shares set a new 52 week low this morning of $30.34 and in the option markets it looks like at least one investor believes the stock will rebound over the next 2 months.