Capital One Financial Corp. (COF) is seeing unusual Put activity this morning with investors focusing on May expiry and positioning a Bearish ratio Put spread.

Sprint Nextel Corp. (S) shares are continuing to try and climb back from the down side gap in the shares following the announcement of the ATT/T-Mobile deal on March 21st.

Elan Corp, plc (ELN) , a neuroscience-based biotechnology company that operates in Ireland and the US, sees a large Bullish Call buyer appear this morning with 10,000 May 6 strike options trading between $1.00 and $1.10.

VIVUS Inc. (VVUS), the Mountain View, CA based biopharmaceutical company, sees its shares get a boost today following Sunday's release of clinical data showing that its diet drug Qnexam was able to reduce both blood pressure and cholesterol.

Iron Mountain Inc. (IRM) is seeing early Bullish option activity this morning with an investor(s) purchasing the July 35-40 Call spread

Nabors Industries, Inc. (NBR), a worldwide land drilling contractor, sees its shares trade at a new 52 week high of $30.70 this morning, and its highest level since September 2008, following an upgrade from "Sell" to "Hold" at Miller Tabak.

Tesla Motors, Inc. (TSLA) sees its shares spike more than 16% this morning following an upgrade from "Equal Weight" to ?Overweight" at Morgan Stanley with a price target of $70.

Leap Wireless International Inc., the provider of digital wireless services in the U.S., sees a Bullish option 3-way trade this morning with an investor purchasing the January 15-20 Call spread and simultaneously selling the January 12.5 Puts.

Red Hat Inc. (RHT), the company that develops and provides open source software and services including Red Hat Linux operating system, will be reporting its fourth quarter results tomorrow and option activity today suggests at least one investor is looking for a favorable report/forecast.

Nike Inc. (NKE) has seen its shares drop as much as 12% since last Thursday's Q3 earnings disappointment and have traded at levels not seen in almost 7 months during this morning's session

iShares MSCI Japan Index Fund(EWJ) has dropped as much as 14.8% since last Fridays earthquake and option activity has soared as investors try to determine the magnitude of the disaster.

Cleveland Biolabs, Inc. (CBLI), the developer of drugs that help protect people from radiation exposure, has seen its shares surge over 20% this week and have reached a price level not seen in over 2 years.