Both Lennar Corp. (LEN) and PulteGroup (PHM), two of the U.S. largest residential homebuilders, have seen early Put activity this morning with investors buying downside protection for the next 2-3 months.
Pilgrim's Pride Corp. (PPC), one of the U.S. leading chicken producers, has had a rough summer with the spike in corn prices threatening the company's bottom line.
The Coca?Cola Company (KO), one of the few companies trading higher today after releasing earnings this morning, has set a new 52 week high of $60.45 today and option order flow suggest further optimism in the company’s share price.
Lincoln National Corp. (LNC) is seeing some speculative option activity this morning with investors buying the near month 26 thru 28 Calls.
Alcoa Inc. (AA) sees an early Bearish Put buyer this morning with an investor purchasing 23k Nov. 13 strike options for $.55.
The newly formed United Continental Holdings Inc. (UAL) sees an investor roll a long Nov. 28 Call position up to the Nov. 30 strike, reaping a nice profit and maintaining their upward bias. On both Sept. 30th and Oct. 6th the Nov. 28 Calls saw 10k contracts trade at a closing price average of $.95.
United Parcel Service, Inc.(UPS) sees an investor purchase a block of 20k Nov. 72.5 Calls at $.55. Total option in this strike has reached nearly 25k contracts today with almost all being opening transactions.
Valassis Communications, Inc.(VCI) see a Bullish option trade this morning with an investor buying 3.4k Dec. 40 Calls and selling 3.4k Dec. 30 Puts
Avon Products, Inc. (AVP) shares gap higher this morning following a report in the U.K.'s Daily Mail that L'Oreal may be considering a $44 bid for the company.
PulteGroup, Inc. (PHM), the Bloomfield, MI based residential homebuilder, saw a Bullish opening option trade today with an investor selling 18K Nov. 8 Puts at $.35.
Nuance Communications, Inc. (NUAN), a company that offers dictation and transcription solutions for businesses and consumers worldwide, is seeing unusual Call buying today with an investor opening a position in the April 20 strike option
Royal Caribbean Cruises Ltd. Co. (RCL) is seeing early Bullish option activity this morning with an investor selling the Nov. 30 Puts. 6k contracts have traded at an average price of $.97 and has helped push RCL's option volume to nearly double its daily average in the first hour of trading.