Cavium Networks, Inc. (CAVM), a provider of semiconductor products for networking, communications and digital home applications, sees a Bearish Put spread executed this morning with an investor buying the Nov. 25 ? 29 spread 10k times for $1.35.

Regal Entertainment Group (RGC) sees a large Bullish option trade this afternoon with the purchase of 3.5k Jan 11’ 15 Calls at $.50. A total of 5k contracts have traded in this strike today pushing total option volume in RGC to 32 times its average daily activity and surpassing the total current open interest in all of Regal’s listed options.

Electronic Arts Inc. (ERTS) is seeing unusual option activity early in today’s session with the Oct. 16 and 17 calls receiving the most attention. Over 4.5k contracts have traded in both strikes helping to push option activity to nearly 4 times ERTS’s daily contract volume.

Sun Trust Banks, Inc. (STI) sees an investor initiate a Bullish option strategy by purchasing 10k Nov. 29 Calls at $.50 and simultaneously selling 10k Nov.

Green Mountain Coffee Roasters, Inc. (GMCR) is seeing heavy option volume today following news that the SEC is performing an inquiry into how the company recognizes its revenues.

Hewlett-Packard Co. (HPQ) sees a large Bullish option strategy positioned this morning with an investor paying $2.17 for the Jan.11 42 ? 48 Call spread and simultaneously selling the Jan.11 37 Puts at $.97.

Range Resources Corp. (RRC), the Fort Worth, TX based independent natural gas company, is seeing speculative option activity with investors focusing on near month Calls. Option volume during the first hour today has seen 4 times RRC's average daily activity with the Oct. 37 calls leading the way.

VanceInfo Technologies Inc. (VIT) sets a new 52 week high of $32.97 this morning and it looks like one investor believes the shares will run into resistance in the near future.

Pride International, Inc. (PDE), a provider of offshore contract drilling services for oil and natural gas exploration companies, sees a large block of Oct. 30 Calls being purchased this afternoon.

Bed Bath & Beyond Inc. (BBBY) has seen nearly 4 times its average daily option activity during the first half of today's session with investors eyeing the companies Q2 ?11 earnings release after the close today.

Netflix Inc. (NFLX) shares have set a new 52 week high of $153.47 this morning and option activity this morning suggest further short term optimism in the company’s share price.

QLogic Corp. (QLGC), the supplier of high performance network infrastructure solutions, is seeing unusual option activity today with investors eyeing the Oct. 17.5 Calls.