iShares Germany Fund (EWG) is up 52 cents to $18.27 and a 4,400-contract block of Oct 21 calls on the ETF at 35 cents per contract is an opening buyer, according to ISEE data. 9,090 traded against 1,682 in open interest. Oct 21 calls on the Germany fund are 14.9 percent OTM with a delta of .19 and 25 days of life remaining. Shares are up 6.5 percent from an intra-day low of $17.15 set Friday and down 31.8 percent over the past two months. EWG fetched $26.77 per share on 7/26.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Eastman Kodak (EK) loses 24 percent to $1.81 on reports the company tapped a $160 million line of credit. The move might have raised concerns about Kodak’s working capital needs. While shares tumbled on the news, one player bought 20,000 Jan13 $1 puts on EK at 45 cents per contract. 22,175 now traded against 7,170 in open interest. Total options volume is 25K calls and 42K puts, compared to typical midday volume of about 15K contracts.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

After a seven-day 23.3 percent losing skid, Mosaic (MOS) shares touched new 52-week lows of $54.5 today. The stock is down $1.67 to $56.03 and the top options trade in MOS today is a 4,395-contract block of Oct 65 calls at 90 cents on ISE. A customer bought-to-open, according to ISEE data. 9,288 now traded against 19,214 in open interest. Oct 65 calls on Mosaic are now 16 percent OTM with a delta of .2 and 25 days of life remaining. The stock took a hit Friday on earnings guidance (see 9/23 color) and the company said today that it will hold its Annual Stockholder meeting on Oct 6.