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Options Action in Gildan, Express Scripts

Huge volume jump follows ESRX-Medco merger news


With the trading day half over, here’s a look at some of the unusual option activity on tradeMONSTER’s LiveAction data system.

Gildan Activewear (NYSE: GIL): Option volume 853 percent above average. There was heavy buying and selling in the August 30 puts for $0.60 to $0.75. GIL declined 2.04 percent to $32.12.

Express Scripts (NASDAQ: ESRX): Option volume 719 percent above average. An investor bought 10,000 January 2013 60 calls for $6.45 and sold an equal number of January 2013 70 calls for $2.95, looking for a long-term rally in the shares. ESRX rose 3.55 percent to $57.32.

Find more option analysis and trading ideas at  Options Trading Strategies.

Athenahealth (NASDAQ: ATHN): Option volume 709 percent above average. Investors sold the September 65 calls, looking for limited further upside in the stock. ATHN popped 17 percent to $56.78.

Acacia Research (NASDAQ: ACTG): Option volume 663 percent above average. Investors bought the August 40 calls and sold the August 47.50s. ACTG rose 7.98 percent to $44.90.

Complete Production Services (NYSE: CPX): Option volume 638 percent above average. Investors bought the August 45 puts and sold the August 40 calls against open interest. CPX rose 3.84 percent to $39.45.

Rounding out the rest of the top 10 were:

  • Travelzoo (NASDAQ: TZOO): Option volume 595 percent above average.
  • Edwards Lifesciences (NYSE: EW): Option volume 545 percent above average.
  • Entegris (NASDAQ: ENTG): Option volume 526 percent above average.
  • Collective Brands (NYSE: PSS): Option volume 507 percent above average.
  • Polycom (NASDAQ: PLCM): Option volume 500 percent above average.

optionMONSTER® provides stock market insight, option trade ideas, and options education to meet the needs of do-it-yourself investors.

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