Bearish Put activity is heating up in AT&T (T) following the news that the DOJ has filed to block the company's $39 billion merger with T-Mobile.

JDS Uniphase Corp. (JDSU) shares have bounced once again off their $10 support level and it looks like one investor used this technical level perfectly with the purchase of 10,000 October 12 Calls at $ .67 back on August 23rd when the shares were trading at $10.63.

CoreLogic, Inc. (CLGX) shares are up more than 25% this morning following news that its Board of Directors has formed a committee to explore options aimed at enhancing shareholder value.

Sealed Air Corp. (SEE), a worldwide manufacture/seller of packaging and performance-based materials, is seeing unusual option activity this afternoon with buyers of the Bullish January 17.5 Calls.

General Electric Co. (GE) shares have managed to hold their $15 support level over the last two volatile weeks and option activity this afternoon suggests at least one investor believes the worst is over and has positioned a relatively large Bullish risk reversal that will need the stock to rise more than 20% over the next 5 months.

Quicksilver Resources Inc. (KWK), an explorer, developer and producer of natural gas in North America, is seeing some early Call buying activity this morning with the focus on the near month 9 and 10 strike Bullish options.

The SPDR Homebuilders ETF (XHB) sees a Bullish Call buyer appear this morning with an investor looking for the sector to rebound over the remainder of 2011.

Western Union Co. (WU), the worldwide provider of money transfer and payment services, is seeing unusual Option activity today with more than 10 times the company's average daily Call volume already changing hands.

Horsham, Pa. based luxury homebuilder Toll Brothers (TOL) is set to release their fiscal Q3 earnings before the market opens tomorrow with analysts looking for EPS of $.04 on revenues of $410 million.

New York Times Co. (NYT) shares are trading at their lowest level in nearly 2 years today and have set a new 52 week low of $6.78.

Seagate Technology (STX) shares are flirting with their 52 week low of $9.84 this morning and option activity suggests at least one investor sees this as a buying opportunity in the disk drive manufacturers Bullish options.

Family Dollar Stores, Inc. (FDO) shares have had a stellar week, up more than 10% and trading above their 50 and 200 day MAs, and it looks like one option investor is looking for a continued rise during the remainder of 2011.