Unusual Options Activity: HAL, SDRL, ACI, WDAY, PVH, and ORCL

Options volume exploded on commodity stocks, including Halliburton Company (NYSE:HAL), Seadrill Ltd (NYSE:SDRL), and Arch Coal Inc (NYSE:ACI)

Josh Selway

Aug 27, 2015 at 4:45 PM

ORCL
PVH
WDAY
SDRL
HAL

The Dow put in a strong showing once again, ending the day 369 points higher. Across all 12 options exchanges, 10.7 million calls crossed, compared to 10.2 million puts. The day's put/call volume ratio closed at 0.95

Commodity stocks exploded higher today, leading call buyers to bet on extended gains from names such as Halliburton Company (NYSE:HAL), Seadrill Ltd (NYSE:SDRL), and Arch Coal Inc (NYSE:ACI). Workday Inc (NYSE:WDAY) call volume ran at 13 times the norm, after the shares recovered from an early post-earnings tumble.

For puts, PVH Corp (NYSE:PVH) saw the contracts cross at six times the norm after earnings. Elsewhere, puts on big-cap software firm Oracle Corporation (NYSE:ORCL) changed hands at three times the pace normally seen.

150827Uput

150827Ucall

Follow @Schaeffers

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!