Trading has been bullish in WellPoint Health Networks and Health Net since early Friday morning, as the rumor mill goes into overdrive. Both health insurers are up in an ugly tape, though the option activity is much greater in WellPoint.
Volatility soared in Dick's Sporting Goods before today's earnings report, as the bulls are pricing in a pop higher.
There was a bacchanalia of downside activity in exchange-traded funds yesterday as bears took charge of the market.
Marvell Technology shares jumped along with upside option activity yesterday ahead of the chipmaker's earnings report Thursday after the bell.
Traders are betting that shares of SunPower are headed higher even after putting in a new low last week.
Upside option activity exploded in the XHB homebuilder exchange-traded fund when the market surged yesterday afternoon.
Peabody was drawing bearish options activity ahead of its earnings report before the bell this morning.
Bullish traders were piling into Smith International yesterday, apparently betting that the oil services company will break through resistance levels that have been in place for months.
Traders were busy buying upside options in Joy Global yesterday ahead of a presentation by the mining equipment maker at the annual JP Morgan Diversified Industries Conference today.
Shares of Frontier Oil have been range-bound for months, but options are looking for the stock to break higher by this fall.