Unusual Options Activity: LNG, JCP, SYY, and SUNE

Cheniere Energy, Inc. (NYSEMKT:LNG) put volume took off after Carl Icahn announced his new stake in the company

Aug 7, 2015 at 5:10 PM
facebook twitter linkedin

The Dow closed lower for the seventh straight session, and the Nasdaq had a similarly dreary day, as several biotech stocks suffered. Across all 12 options exchanges, 7.86 million calls crossed, compared to 8.34 million puts. The day's put/call volume ratio closed at 1.06.

Cheniere Energy, Inc. (NYSEMKT:LNG) put volume jumped to four times the average amount after Carl Icahn disclosed a stake in the companyJ C Penney Company Inc (NYSE:JCP) also saw puts exchanged at four times the typical pace, as the retailer prepares to release earnings a week from today

Meanwhile, call volume on SYSCO Corporation (NYSE:SYY) ended at 12 times the daily norm. Additionally, even with the stock sliding for the second straight daySunedison Inc (NYSE:SUNE) calls crossed at four times what's normally seen. 




Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners