This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Seeing Bullish Options Action

TheStreet Premium Services

A complimentary preview
of Options-Profits Previews

As the market holds near all-time highs and many observers wonder if the recent 22% climb ( SPDR S&P 500 ETF (SPY) from 136 to 166 in five months!) is bubblicious or not, we continue to see plenty of aggressive option positions opened that indicate a long view.

Regions Financial (RF) closed at $9.14, multi-year highs, and options on the bank were busy on Wednesday with nearly 14,000 calls and 2,500 puts trading and front-month May 9 calls most active. Jun 9, Jan 10 and May 8 calls are also seeing interest and 30-day implied volatility is up 14% to 22. No news on the stock to explain the heightened activity. Earnings were reported on April 23.

Sirius Satellite (SIRI) added $0.08 to $3.53 on heavy spot volume of 112 million shares with no headlines to explain the action. Calls led puts by an extreme ten to one as nearly 5,000 calls and 5,000 puts changed hands. The biggest trade was a 1,300-lot of Jan 4 calls for $0.18 per contract that appeared to close an existing short. June at-the-money 3.5 calls were the most active with more than 13,000 trading. 30-day ATM implied volatility is up 9.5% to 28.

Waste Management (WM) was another name seeing upside interest as shares closed at $41.98, new decade highs, and we saw 4,100 of Oct 42 calls bought for $1.30 per contract. 8,126 total traded vs prior open interest of 826. Bullish flow comes despite news Jana Partners has liquidated its stake in the company, according to a 13F filing out Wednesday.

ZIOPHARM Oncology (ZIOP), a New York-based biotech that fell from the $5 handle last year to the $1 range appears to be picking up some interest in a recovery. An opening customer paid $0.225 for 5,000 October 3 calls to open a new position.

TiVo (TIVO) has seen a few days of bullish flow in the form of upside ratio call spreads. Jun 13 - 15 (1X2) call ratio spread was bought on the stock for $0.25, 3,000X. Looks like a repeat of Friday, when the same ratio spread was opened for $0.12, 8,000X. Also saw the May - Jun 14 call spread for $0.65, 4,500X, opening on both legs in front of earnings, due out after market on May 20.


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
Top Rated Stocks Top Rated Funds Top Rated ETFs