Unusual Options Activity: VZ, FSLR, and ADBE

Put players circled Verizon Communications Inc. (VZ) and First Solar, Inc. (FSLR), while pre-earnings calls were popular on Adobe Systems Incorporated (ADBE)

Sep 17, 2015 at 4:54 PM

The Dow deflated with a quickness this afternoon, as traders jeered the Fed's decision to maintain the status quo. Across all 12 options exchanges, a whopping 10.2 million calls crossed, compared to 9.6 million puts. The day's put/call volume ratio closed at 0.94.

Verizon Communications Inc. (NYSE:VZ) puts traded at twice the daily norm, after the blue chip cautioned that 2016 earnings might "plateau" at 2015 levels.

Meanwhile, First Solar, Inc. (NASDAQ:FSLR) puts were four times more popular than usual, with much of the action attributed to what looks like a massive roll of September 60 puts to the October series.

Adobe Systems Incorporated (NASDAQ:ADBE) overall options volume soared to seven times the average, but was particularly rampant on the call side, as traders placed bets ahead of earnings. In after-hours trading, ADBE is 2.4% lower.

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