JC Penney (JCP), which was pounded for a 20 percent loss Wednesday and lost another 3 percent yesterday, is up 36 cents to $26.30 and one player opens a bullish longer-term options position on the retailer today — selling 5,000 (register to read more …) [...]

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Another day of weakness in Clean Energy Fuels (CLNE) and high put volume have conspired to send implied volatility in the options on the stock racing to new 52-week highs. Shares are down 77 cents to $13.34 and have moved (register to read more …) [...]

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Citi (C) loses 59 cents to $27.20 in active trading of 39 million shares and has now suffered a four-day 11.5 percent losing skid. Citi shares are now nearly 30 percent below their late-March multi-month highs. The options order flow (register to read more …) [...]

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Darden Restaurants (DRI) sees a midday spike and is up $4.11 to $55.62 on heavy turnover of 4 million shares. Options volume is 25X the daily average, being driven by May, June and July 55 call buyers. 17,000 calls and (register to read more …) [...]

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DELL is off a nickel to $15.29 and a Jun 14 – 15 put spread trades on the computer-maker for 27 cents, 10000X on ISE. A customer bought the spread, to open, according to ISEE. It doesn’t look tied to (register to read more …) [...]

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Kohl’s (KSS) is off 19 cents to $47.07 and on a four-day 7.5 percent losing skid since earnings were reported on May 10. Midday options trades on the retailer include a multi-exchange sweep of 3691 May 46 puts at the (register to read more …) [...]

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Pandora’s rally continues. Shares are up 94 cents to $10.76 in active trading of 3.7 million shares and now up 24.6 percent in just six trading days. Options on the Internet radio operator are busy for a second day. Like (register to read more …) [...]

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Renren (RENN) adds 51 cents to $6 in active trading of 10.8 million shares after the Chinese Internet company reported earnings and revenues that topped Street estimates. Options on the stock are actively traded as well, with 17,000 calls and (register to read more …) [...]

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Morgan Stanley (MS) loses 45 cents to $14.50 and a Jan 13 – 15 put spread is sold on the investment bank at $1.01, 10000X. Looks tied to 250K shares at $14.45 and might close. Separately, a May – Jun (register to read more …) [...]

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Rackspace (RAX) loses $1.90 to $50.46 and options volume on the San Antonio, TX web-based IT systems service provider includes 6,670 puts and 765 calls. 5,000 Jun 50 puts traded on the stock for an average of $2.325 per contract (register to read more …) [...]

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