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Option Clips: Clean Energy Fuels, NQ Mobile Inc, and Staples, Inc.

Reviewing notable options activity in Clean Energy Fuels Corp, NQ Mobile Inc (ADR), and Staples, Inc.

by 5/9/2014 2:21 PM
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Two stocks generating buzz on StockTwits today are natural gas concern Clean Energy Fuels Corp (NASDAQ:CLNE) and China-based telecom name NQ Mobile Inc (ADR) (NYSE:NQ). Another security attracting unusual options attention is office products retailer Staples, Inc. (NASDAQ:SPLS). Here's a look at how today's option traders have been placing their bets on these three names.

  • Clean Energy Fuels Corp (NASDAQ:CLNE) shares have surged nearly 15% today to $10.13, after the fuel company's first-quarter revenue topped expectations last night. Not surprisingly, traders have taken to the CLNE options pits today. Call volume is 13 times higher than average, and put volume is elevated as well, running more than eight times heavier than usual. Meanwhile, with the uncertainty of earnings now out of the way, the stock's 30-day at-the-money implied volatility (IV) is down 24.6%, to 38.4%. Among the most active CLNE options is the December 10 call, which is apparently seeing some buy-to-open activity, as investors wager on continued gains in the shares over the next seven-plus months.

  • It's been a rocky few months for NQ Mobile Inc (ADR) (NYSE:NQ), which has shed 47% of its value since its year-to-date peak of $22.33 on Feb. 28. Up 6.5% today to trade at $11.73, the shares have been bouncing sideways -- mostly between $10.50 and $13.50 -- since an earnings-induced bear gap on April 11. Some speculators may be hoping for a near-term recovery, however, as the May 13 call is seeing some bullish attention today. More than 5,300 contracts have changed hands here (exceeding open interest), and the lion's share has traded off the ask price. Overall, call volume is elevated slightly compared to average intraday levels.

  • Call volume is five times heavier than usual in the Staples, Inc. (NASDAQ:SPLS) options pits today. The large majority of the call activity can be chalked up to one strike -- the May 13 call -- where nearly 11,000 contracts have traded off the ask price. IV is higher at the strike and volume exceeds open interest, pointing to buy-to-open activity, and indicating a bullish short-term bet. The retailer is scheduled to report first-quarter earnings on the morning of Tuesday, May 20, which is after front-month options expire on Friday, May 16.


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