Options Report

You need to be logged in to see this part of the content. Please Login to access.

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

Monday

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).

Tuesday

Whole Foods Market (WFM) – 3,500+ June 19 $40 calls were purchased for $0.44-$0.69. Implied … Read More »

Options Report

You need to be logged in to see this part of the content. Please Login to access.

Unusual Options Activity

Diebold (DBD)- 1,000 Aug $40 calls were purchased for $0.95, against open interest of 1,260 contracts. Later in the morning, the July $35/$40 bull risk reversal was put on 2,400 times for a $0 debit. Options activity was 24x the average daily volume. Yesterday, Reuters reported they are in talks to buy Wincor Nixdorf (German competitor).
Heron Therapeutics (HRTX)- A rollout from 4,000 June $15 calls ($12.10-$12.20 credit) into 4,000 Sep $22.50 calls ($7.40 debit). 9,500+ is in open interest in the Sep $25 calls. The company priced their 4.8M secondary offering at $24.75 per share this morning.
Kythera Biopharmaceuticals (KYTH)- Over 1,500 July $65 calls were bought for $0.65-$1.70. Call activity was 11x the average daily volume (IV +28.6% to 62.80). Yesterday, Guggenheim initiated the stock with a buy rating and a $64 price target.
LendingClub (LC)- 3,200 Jan 2016 … Read More »