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Today's Unusual Options Activity (ABX, CAT, EXPE, JAVA, CS)
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These are today’s unusual options trading patterns seen late in the afternoon. We have provided links over to VSInvestor.com for more details on each situation:
- There have been two large options transactions in Barrick Gold Corporation (NYSE: ABX).
- Caterpillar Inc. (NYSE: CAT) is seeing some longer-term bullish recovery bets that may have been profit taking on a prior trade.
- Someone is making a big pre-earnings options trade in Expedia, Inc. (NASDAQ: EXPE).
- Traders are placing bets both for and against a Sun Microsystems Inc. (NASDAQ: JAVA) buyout by Oracle Corp. (NASDAQ: ORCL) now that there are 3,000 more layoffs after the company keeps losing more and more money while the kids running the European Commission figure out that a money-losing company should not require a deep review of this sort for anti-competition.
- OptionsHawk.com notified us of nine-times options volume in Credit Suisse Group (NYSE: CS).
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JON C. OGG
OCTOBER 21, 2009
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