Unusual Options Activity: MNKD, TTWO, PCP, and DF

Precision Castparts Corp. (NYSE:PCP) call volume ended 61 times higher than normal after its deal with Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.A)

Josh Selway

Aug 10, 2015 at 4:42 PM

PCP
DF
TTWO
MNKD

The Dow exploded for a 200-point win today, putting its seven-session losing streak behind it. Across all 12 options exchanges, 7.22 million calls crossed, compared to 5.86 million puts. The day's put/call volume ratio closed at 0.81.

MannKind Corporation (NASDAQ:MNKD) put volume ran at five times the average amount today after the company unveiled a slimmer-than-expected quarterly loss. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) puts crossed at 33 times the normal amount, ahead of tonight's earnings report.

Precision Castparts Corp. (NYSE:PCP) calls crossed at 61 times the expected amount, after Warren Buffett's firm agreed to buy the company. Dean Foods Co (NYSE:DF) calls traded at 77 times the usual pace, after the company's quarterly earnings report and news of its chairman's surprise resignation sent the stock to the short-sale restricted list.

150810OVputs

150810OVcalls

Follow @Schaeffers

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