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11 Big Movers in Today’s Options Market: Cisco Systems (CSCO), Citigroup (C) and Research in Motion (RIMM), Among Others

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What started as another flat day in the markets, is turning out to be a bullish one…Even though overall stock volume remains light, we are still seeing some heavy options activity.

Already, there has been quite a bit of spread activity all around with heavy action in Cisco Systems, Inc. (CSCO). This is likely in reaction to an earlier announcement for a new routing system that is 12 times faster than Cisco’s competitors.  Ahead of the announcement, we actually saw the Jan 30 calls being sold, which could be interpreted as a move by many investors to take advantage of volatility.

Citigroup (C) is also much higher today and options traders are active there as well.

Remember, there are still a couple hours left in the trading day and the volume of these issues may continue to rise, but this is where we have already been seeing some heavy options activity early today.

Big Movers in Today’s Market:

GME: $18.50 up $0.0300 or 0.16% volume: 0.74 million shares
Jul10 21.00 Calls: volume over 22010, versus Open Interest of 8836
Apr10 17.00 Puts: volume over 11878, versus Open Interest of 1319

XLP: $27.53 up $0.0400 or 0.15% volume: 0.92 million shares
Jun10 26.00 Puts: volume over 19500, versus Open Interest of 9331

CMC: $17.38 up $1.1300 or 6.95% volume: 4.04 million shares
Mar10 17.50 Calls: volume over 17039, versus Open Interest of 19772

CSCO: $26.16 up $0.0250 or 0.10% volume: 48.81 million shares
Mar10 27.00 Calls: volume over 15863, versus Open Interest of 16764
Apr10 26.00 Calls: volume over 12968, versus Open Interest of 69724

AAPL: $223.69 up $4.6100 or 2.10% volume: 10.11 million shares
Mar10 230.00 Calls: volume over 15179, versus Open Interest of 24745
Mar10 220.00 Calls: volume over 14629, versus Open Interest of 36850

XLK: $22.55 up $0.1200 or 0.53% volume: 4.02 million shares
Jan11 20.00 Puts: volume over 15000, versus Open Interest of 44430

XRT: $39.74 up $0.1290 or 0.33% volume: 2.79 million shares
Jun10 38.00 Puts: volume over 13001, versus Open Interest of 2211

BAC: $16.82 up $0.0799 or 0.48% volume: 56.11 million shares
Mar10 17.00 Calls: volume over 12499, versus Open Interest of 166550

UNG: $8.21 down $0.0500 or 0.61% volume: 4.08 million shares
Mar10 9.00 Calls: volume over 12185, versus Open Interest of 71909

RIMM: $74.32 up $0.9300 or 1.27% volume: 7.75 million shares
Mar10 75.00 Calls: volume over 11960, versus Open Interest of 49525

FRPT: $6.12 up $0.6420 or 11.72% volume: 1.56 million shares
Jun10 7.50 Calls: volume over 10039, versus Open Interest of 954

These are my team’s early morning observations. If there are other big moves you would like to see added to today’s list, please feel free to add your observations in the comments.

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Related posts:

  1. Market Movers: Heavy Options Activity in Allstate (ALL), Research in Motion (RIMM), and Several Others
  2. Where the Action is: Financial Sector Focus in Today’s Options Market
  3. Bulls vs. Bears: Research in Motion, Limited (RIMM)

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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