Unusual Options Activity: BBRY, HLT, RHT, And More
(This post was originally published on See It Market on June 15th)
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
Red Hat (RHT) – 2,000 July $80 calls were bought for $2.85-$3.10. Earnings are due out on June 18th (shares have moved higher on 3 out of the last 4 reports).
Whole Foods Market (WFM) – 3,500+ June 19 $40 calls were purchased for $0.44-$0.69. Implied … Read More »