- Dubai a 'Wake Up Call'—Expect Volatility Now: Market Pro
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Best Online Retailers to Buy Now: Internet Analyst
- Dubai Fear is 'Noise'—Stay Fully Invested: Strategist
- Buy or Hold: Analyst Rates 10 Retail Stocks
- My Commodities Outlook after Dubai: Dennis Gartman
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Should Homeowners Be Able To Walk Away From Mortgage?
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Treasury Threatens Banks, Not Borrowers
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Bove: 26 Banks May Need To Raise More Capital
- Nov. 30: Unusual Volume Leaders
- Notre Dame Fires Charlie Weis After 5 Seasons
- Treasury Threatens Banks, Not Borrowers
- We're Approaching a Market Bubble: Portfolio Manager
- Hershey Shares: What Options Are Saying
- Nov. 30: Unusual Volume Leaders
- Why Careful Shoppers Are Great for the Box Office
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Best Online Retailers to Buy Now: Internet Analyst
- ESPN The Magazine’s Body Issue: A Financial Success
- Cyber Monday: The Last Vestige of Dotcom Hype
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- Bove: 26 Banks May Need To Raise More Capital
- Lesson From Dubai: Start Cutting Risk In Your Portfolio
- Iranian Seizure of British Yacht Pushes Oil Above $77
- Should Homeowners Be Able to Stop Paying Mortgage?
- Buffett's Predictions For Next Year—And Every Year
RSS FEED
CNBC Stock Blog
Text Size 
Ambac Financial Group is seeing unusual options activity Friday, as its shares rise 17 percent on the day.
The stock [ABK
Loading...
()
] move is only $0.19, as ABK is at $1.31 in midday trading after struggling to stay above the $1 mark for much of this week.
The options today are active at the March 2.5 strike, where a chunk of nearly 20,000 calls were bought for $0.15 against minimal open interest of 107 contracts. Those calls are now going for $0.20 to $0.25, according to OptionMonster's proprietary systems, which track unusual options trading in real time.
The action got our attention because it followed earlier activity we cited on Jan. 28, when the May 2.5 calls were trading on heavy volume as the stock traded at $1.23. Those calls, which went for $0.25 and $0.30 back then, are up a tad to $0.35 and $0.40.
- Complete Data on Rival MBIA [MBI
Loading...
()
]
Ambak, which insures bonds, made headlines earlier this week for granting $3 million in cash bonuses to four executives after its stock had fallen 95 percent in 2008. The company is scheduled to release its fourth-quarter earnings on Feb. 25 before the market opens.
Disclosures:
I have positions in ABK.
_____________________________
Other Financial Insurers:
MGIC Investment [MTG
Loading...
()
]
Genworth Financial [GNW
Loading...
()
]
PMI Group [PMI
Loading...
()
]
_____________________________
Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.
_____________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes