Unusual Options Trading Patterns (SUN, VLO, TSO, FTO, GE, GOOG, IBM, PFE, WYE)

Investing

Published: October 15, 2009 2:50 pm

Last Updated: April 3, 2020 4:08 pm

We are starting to see some elevated options trading that appeared on the unusual volume screens. Many of these are pre-earnings trading and some are on other expectations. We have more detailed data on each over at VSinvestor.com with links on each stock individually:

OptionsHawk.com pointed out to us that there was a huge increase in refiners options trading in Sunoco Inc. (NYSE: SUN), Valero Energy Corp. (NYSE: VLO), Frontier Oil Corp. (NYSE: FTO) and in Tesoro Corporation (NYSE: TSO).

General Electric Co. (NYSE: GE) is starting to see some elevated options trading as well ahead of tomorrow’s earnings.

Google Inc. (NASDAQ: GOOG) is seeing increased options trading ahead of earnings, which was actually more active on a fully leveraged basis than the stock was.

International Business Machines Corp. (NYSE: IBM) is seeing increased options trading ahead of earnings.

Pfzer Inc. (NYSE: PFE) is seeing elevated stock trading on the Wyeth (NYSE: WYE) closing due to indexers like the S&P 500 and Russell adding shares, and we are seeing it in the call options as well.

As a reminder, OCT-2009 options expiration date is tomorrow, and all “out of the money” with an October expiration will expire with a value of ZERO.

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JON C. OGG
OCTOBER 15, 2009

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