Digital television provider DIRECTTV (DTV) has seen its shares rally as much as 20% this month from their low of $39.82 on October 4th and option activity this afternoon suggests at least one investor believes the stock is due for either a pause or a pullback during the remaining months of 2011

Silver Standard Resources, Inc. (SSRI), a global silver exploration company, has seen more than 10 times its average daily contract volume trade during the first half hour of today's session with the focus on the Bullish December 20 Calls.

CB Richard Ellis Group (CBG), the Los Angeles, CA based global real estate services firm, is seeing defensive option activity ahead of this Thursday's earnings release after the close.

DVD and video-streaming company Netflix, Inc. (NFLX) shares are getting hammered today after the company announced on Monday they had lost 800k subscribers and went on to project losses in the upcoming year

Nielson Holdings N.V. (NLSN), a global information and measurement company, is seeing unusual option activity today with more than 2,000 May 22.5 Puts trading at $1.05.

H.J. Heinz Co. (HNZ) sees a Bearish Put spread open today with an investor buying the December 50-55 Put spread on a 3-1 ratio 6,000 by 2,000 times.

Signs of optimism in the progress towards a European debt crisis deal has helped push Bank of America Corp. (BAC) and the rest of the financials higher this morning but early option activity in BAC suggests at least one investor believes this is the top in the company's share price, at least for the rest of this week.

Bullish option order flow in casual apparel retailer American Eagle Outfitters, Inc. (AEO) this morning with renewed private equity takeover chatter the most likely catalyst.

Bearish option order flow this morning in specialty retailer Abercrombie & Fitch Co. (ANF) with the November 60-70 Put spread being purchased numerous times.

Unusual option activity in Vancouver, BC-based natural resource company New Gold, Inc. (NGD) with more than 38,000 November 11 Calls trading in the first hour of today's session.

Bullish Call buyers appear in homebuilder Lennar Corp. (LEN) this morning with the focus on the May 20 strike options.

Xilinx, Inc. (XLNX) sees an early Put buyer this morning ahead of the company's fiscal Q2 earnings release this Wednesday.