Investing
Unusual Options Trading Screens (EK, ETFC, ODP, ARNA, FCX, S, FORM, POT)
Published:
Last Updated:
It is the weekend, and that means that our end-of-week screen for unusual options trading activity is complete. Of course expiration date throws a wrench in any screens, but we found some very unusual options trading in others not tied to options expiration and roll-out trades. We have provided a link through to each for more color and analysis on the specific options and stock moves at VSInvestor.com:
Eastman Kodak Co. (NYSE: EK) tanked on high stock volume from the KKR deal this week. But the real impressive area was the unusual options trading.
E*TRADE Financial Corporation (NASDAQ: ETFC) is under $2.00, yet options trading is looking very active. Here we gave price triggers to watch out for as possible resistance, if you can use such a thing on a $2.00 stock.
Office Depot, Inc. (NYSE: ODP) is very rare to see on the unusual stock options list, yet there it was. The big trade was out to January.
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) was not just impressive. It was a huge winner since it was down and then closed up and saw high options and stock trading. This will be a key watch-list stock for traders this coming week. The options trading may have been a roll-out.
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) very active compared to normal volume in options trading, yet not in the stock volume… $1,000 gold is the likely trigger.
Sprint Nextel Corp. (NYSE: S) was very active in stocks and in options, probably a continued bet that management and operations may need to learn to speak German….
FormFactor Inc. (NASDAQ: FORM) may be a hedge or income trade of some sort, but this is a very odd pattern by any measure.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) saw a bullish bias in the options roll as September-2009 contracts expired.
Enjoy the rest of your weekend. You can join our open email distribution list which goes out several times per week for top day trader alerts, options screens, analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.
JON C. OGG
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
