10 Stocks With Unusual Options Activity (JWN, BBRY, JBLU, & more)
It’s time to review several stocks that had unusual options activity over the last week. Although traders can never be sure why these trades take place (and who’s making them), I believe it’s important to be aware of notable options activity as an indicator for directional bias.
Here’s a weekly recap of 10 stocks that had unusual options activity and what, if any, significance these trades may have.
Unusual Options Activity: 10 Stocks With Notable Trades
Pinnacle Foods (NYSE:PF) – 1,300+ Feb 17 2017 $57.50 calls traded with the majority being bought for $0.55. Last January, Pinnacle acquired the health food company, Boulder Brands, for $975M. The deal has not just contributed to top line results, but is likely to add $0.08-$0.10 per share to FY 2016 earnings.
PF shares have steadily been trending upward since going public in 2013. … Read More »
Unusual Options Activity
ADSK- Call activity was 2x the average daily volume, which was led by buying in the Feb $55, Mar $57.50, Apr $57.50, and Jan 2016 $57.50 calls. Volume was above the open interest in all four options. The call to put ratio was 9:1 and implied volatility rose 7.8% to 30.17. This bullish activity follows a seller of more than 5,000 Feb $52.50 puts on February 2nd. Shares of Autodesk have been in the process of putting in a bottom this week. Read more about the company and Monday’s unusual options activity here.
BWLD- Roughly 1,500 Feb $170 puts were bought for $4.00 each, against open interest of 646 contracts. The put to call ratio is 1.5:1 and put activity is over 4x the average daily volume (IV +5.3% to 46.68). This trade comes just one day before Buffalo … Read More »