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Option Midday Movers April 5

Where the option trading action was this morning


Your intraday options trading update.

High Options Volume by Strike

Four of the five top trading strikes this morning held by iShares MSCI Emerging Markets Index (NYSE: EEM) with the EEM Apr 11 50 Call trading 133,166 contracts, the Apr 52 Call seeing 101,673 contracts, and the May 51 and May 53 calls each seeing a little over 100,00 options contracts. OptionMonster reported this morning a single trader conducted several 99,000 contract trades in EEM in an apparent bullish move.

The odd man out in the top 5 volume leaders was Verizon (NYSE: VZ) Apr 36 Call with 101,673 contracts traded. The option is down .17 to 2.45.

Major Stock Trading Volume Movers

Inspire Pharmaceuticals (NASDAQ: ISPH) rises .97 to 4.95 and it trades 41 million shares, up 1400%. Merck (NYSE: MRK) announces it will buy Inspire for $5 per share in cash, or about $430 million, according to reports. ISPH options busy too. Rand Logistics (NASDAQ: RLOG) trades 1.3 million shares, a 1,400% rise in shares with the stock up .07 to 7.66. National Semiconductor (NYSE: NSM) rises 10.06 to 24.13 in its takeover by Texas Instruments (NYSE: TXN). NSM volume at 136.4 million shares.

Stocks/Underlying – Big Daily Change in Option Volume

Inspire Pharmaceuticals (NASDAQ: ISPH) option volume rises more than 55,000% to 11,547. Washington Federal (NASDAQ: WSFL) sees options volume rise to 2,900 contracts, while Vivo Participacoes SA (NYSE: VIV) has a rise in options volume to 30,803. Options blast from the past National Semiconductor (NYSE: NSM) has volume of 27,123 options contracts with stock rising 10.06 on takeover.

Stocks – Big Daily Change in Open Interest

Broken record in this segment with Epicor Software (NASDAQ: EPIC) open interest rising to 1,632 contracts, BroadSoft (NASDAQ: BSFT) OI rising 271% to 8,049, and 3D Systems (NASDAQ: TDSC) now with OI of 2,175. Two showing substance are Cephalon (NASDAQ: CEPH) with open interest rising 207% to 193,917 contracts and Neoprobe (AMEX: NEOP) with its open interest arriving at 32,224, up 186%.

Stocks/Underlying – High Option Volume

Important underlying/stocks seeing big volume included several of the major indices this morning as the market moved up. The SPDR S&P 500 ETF (NYSE: SPY) rose again and its options trading hits 493, 379 contracts. The iShares MSCI Emerging Markets Index (NYSE: EEM) total option trading was 474,528 after huge bullish trades noted above. The iShares Russell 2000 Index (NYSE: IWM) at 136,368 options about the same as the S&P 500 Index Options (CBOE: SPX) with 133,016. The PowerShares QQQ Trust (NASDAQ: QQQ) sees 123,573 contracts traded.

The CBOE Volatility Index (CBOE: VIX) grounded at 16.51, down .99, and 81,313 contracts trade.

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