Options Report: January 31st, 2011
Welcome to the Financial News Network options report. We have searched the options markets for stocks that have had both above average call volume and put volume, as a potential source for where institutions are placing their near-term bets. On the bullish call side, Emerson Electric tops the chart with over 4 times the amount of average call volume traded so far today. This comes as the company prepares to report earnings tomorrow before the bell. The U.S. Oil ETF, symbol USO, which tracks the price of oil is also on the list with 3.6 times the average amount of calls traded today. The turmoil in Egypt is leading some oil traders to believe that a spike in oil prices could occur should the crisis spread elsewhere in the Middle East. Biotech firm Clinical Data also made our list with bullish call option activity. The underlying shares of CLDA are trading more than 5% higher today as well. Xerox and Pepsi round out the list as there has been heavy call option buying in both those stocks
Credit: Financial News Network
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