Unusual Options Activity: 5 Stock To Watch (TWTR, BKS, NFX, MDLZ, VMEM)

Unusual Options Activity Report

Here’s a quick look at 5 stocks showing unusual options activity with some color around the trading setups and recent news about the companies.

Barnes & Noble (BKS) – The Sep $24/$26/$30 bull call spread risk reversal was put on 1,840 times for a $0.55 debit. A trade like this one involves buying the Sep $26/$30 bull call spread and selling the Sep $24 puts for even smaller debit (requires margin). Harper Lee’s “Go Set A Watchman” set a one day sales record recently.

Mondelez International (MDLZ) – There was a rollout from 6,000 Sep $42 calls ($3.40 credit) into 9,000 Sep $45 calls ($1.35 debit). Mondelez International raised FY15 guidance and reaffirmed FY16 margin guidance. The company also authorized a $6B share repurchase program.

Sign up for our FREE newsletter
and receive our best trading ideas and research

Newfield Exploration (NFX) – Roughly 1,750+ Sep $30 puts were bought for $1.15-$1.25, against open interest of 1,723 contracts. There was a big Aug 21 $31 put buyer yesterday. Newfield Exploration earnings are due out on August 4th.

Twitter (TWTR) – Another 5,595 Jan 2017 TWTR $35 calls were bought for $5.85, against open interest of 77,747 contracts. This comes after Twitter’s disappointing Q2 report (concerns over user growth) on Tuesday.

Violin Memory (VMEM) – Over 3,000 Dec $2.50 calls were purchased for $0.55-$0.70, against open interest of 4,925 contracts. Today, the Clinton Group (major shareholder) sent a letter to the board of directors about ways to create value for shareholders.

vmem violin memory stock chart july 30


Twitter:  @MitchellKWarren

No position in any of the securities mentioned at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.