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