MMR

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

Aug 26, 2015 at 4:55 PM
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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. 










 

AI has exploded ever since ChatGPT set the world on fire near the end of 2022.

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