Unusual Options Activity: NQ, KO, MCD, LULU, and RIG

Call buyers rushed to blue chips The Coca-Cola Co (NYSE:KO) and McDonald's Corporation (NYSE:MCD) as the market made a comeback

by Josh Selway

Published on Aug 26, 2015 at 4:55 PM

The Dow again made an outsized move late in the day, this time to the upside -- notching its biggest one-day percentage gain since 2011. Across all 12 options exchanges, 9.5 million calls crossed, compared to 10.7 million puts. The day's put/call volume ratio closed at 1.12. 

Call players rushed to NQ Mobile Inc (ADR) (NYSE:NQ) today ahead of the company's earnings release. Amid the broad-market surge, blue chips The Coca-Cola Co (NYSE:KO) and McDonald's Corporation (NYSE:MCD) each saw heavy call volume. 

For puts, Lululemon Athletica inc. (NASDAQ:LULU) saw accelerated activity, even as the stock heads into a historically strong month. Elsewhere, bearish traders throttled Transocean LTD (NYSE:RIG), with put volume reaching seven times the normal level, as the stock continues to slide. 











A Schaeffer's exclusive

6 Sectors for Summer

Access your FREE insider report before it's too late!


  
 

Partnercenter


NEW! Explore Schaeffer’s Partners' deals and get connected to top online brokerages with deals tailored exclusively for our readers.  Get answers to your questions regarding transfer fees, commission rates, programs and available discounts related to online trading services.

MORE | MARKETstories


The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.
Wall Street Roars Higher Amid Civil Unrest
Investors weighed a mixed bag of jobs data
AstraZeneca Stock Flat Despite COVID-19 Vaccine News
AstraZeneca saw a rise in capacity for its COVID-19 vaccine candidate
The Next Big Player in U.S. MJ Boom
Most pure-play marijuana stocks in the U.S. trade on the Over-the-Counter stock exchange.