Unusual options activity review for Thursday, July 29, 2010
Unusual Options Activity Review – RIG, MRVL, RRC, PTV, ORCL, AKAM, MET, PRU, SPX, FXI
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Range Resources (RRC) – Aug Options Trade; Skew Bends
The company traded over 41,000 options on total daily average option volume of just 4,207. The action is fast and furious in the Aug options. A 35/37.5 strangle sale (from what I can tell), 14,000+ Aug 40 calls and nearly 7,000 41 and 42.5 upside calls (combined volume).
Avon Products (AVP) – Earnings Preview and Trade
AVP has followed a consistent pattern for six out of the last seven earnings starting with the 10-30-2008 cycle and ending with the last earnings cycle on 4-30-2010. Specifically, a straddle sale at the close on the day of earnings and a purchase back the day after was a winner six times and break-even once.
Top Ten Most Active Equity Options & Strikes – C, SPH, MSFT, PAA, RIG, S
Top Ten Most Active Equity Options & Strikes – C, SPH, MSFT, PAA, RIG, S
Options Intelligence Report: Transocean Ltd. (RIG), Akamai Technologies, Inc. (AKAM) & VistaPrint, Ltd. (VPRT)
Hefty Bullish Plays Constructed On Transocean – Featured Tickers: RIG, AKAM & VPRT
Midday Unusual Options Activity Update – MFC, GENZ, NVDA, AKAM, V, CTXS, XLP
Implied volatility movers and unusual volume movers for midday 7/29
** UPDATE: BRCM – Earnings Results
We can see the ATM straddle is now worth $2.54. Yesterday, the straddle was worth $3.31. The one day trade would have turned a 23% profit ex-commissions. The updated earnings and dividends stats are included.
Options Intelligence Report: iShares FTSE/Xinhua China 25 Index Fund (FXI) & Green Mountain Coffee Roasters, Inc. (GMCR)
Strategist Touting Iron Condor Sees Range-Bound Shares For China Fund – Featured Tickers: FXI & GMCR
Options Intelligence Report: Consumer Staples Select Sector SPDR (XLP) & Kroger Co. (KR)
Options Intelligence Report for Consumer Staples Select Sector SPDR (XLP) and Kroger Co. (KR)
Morning Futures Roundup
A roundup of activity in the futures market – Clear as Mud – Crude Oil Futures Stuck In A Rut!
Unusual Options Activity Review – MTG, HGSI, RRC, CHS, INTU, MHS, K, MT, .VIX, .DJX, EWJ
Unusual options activity review for Wednesday, July 28, 2010
Weekly Options: Stocks "Pinned" Every Friday?
As an options expiration day arrives, traders note that stocks sometimes get "pinned" to a specific strike price. But now that every week is an expiration week for a select group of stocks and ETFs, will we see this phenomenon every Friday?