Lorillard (LO), which saw increasing volume and higher implied volatility yesterday, is down another $3.75 to $107.63 on volume approaching 2 million shares, which is more than double the normal. The two-day 5.8 percent skid pushed shares of the cigarette (register to read more …) [...]

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Eastman Kodak (EK) loses 20 cents to 46 cents after the WSJ wrote that the company is prepping for Chapter 11 bankruptcy protection if plans for patent sales fail. Order flow is bearish, with about 12,000 puts and 2,890 calls (register to read more …) [...]

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While overall option volume is very light, TIVO is seeing unusually heavy activity, with 12000 contracts trading, triple the typical daily volume for the name. Puts dominate the flow with a closing customer buyer of Jan 11 puts for $2.34 (register to read more …) [...]

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Avon Products (AVP) with relative strength today after the cosmetics company disclosed Tuesday afternoon that it is seeking a replacement for Chief Executive Andrea Jung. Shares, which were probing 52-week lows the day before, gained $1.36 to $17.50 and recent (register to read more …) [...]

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Electronic Arts (ERTS) adds $1.37 to $22.20 and 15,877 Jan13 $30 calls are bought on the video game-maker for $1.71 per contract. It’s possibly closing. The contract is 35.1 percent OTM and 16,308 contracts traded against 21,760 in open interest. (register to read more …) [...]

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TIVO is notching new session highs amid active trading in call options on the stock and higher implied volatility today. Shares are up 78 cents to $10.77 and 15,000 calls/3,535 puts traded on the stock, which is 4.5X the daily (register to read more …) [...]

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Coach (COH) loses $2.13 to $51.87 and options volume is running 2X the daily average, being led by a bearish three-way. The strategist sold 1200 Nov 57.5 calls to buy the Nov 50 – 43 put spread, 1200X. 30 cents (register to read more …) [...]

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Eastman Kodak (EK), the 131-year old camera company and once a member of the Dow Jones Industrial Average is reeling Friday afternoon after Bloomberg reported the company is exploring options — including bankruptcy. EK was recently down $1.12 to just (register to read more …) [...]

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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 (register to read more …) [...]

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Star Scientific (CIGX) is down $1.14 to $1.86 and options on the stock are busy today after a court ruled against the company in a patent dispute. Shares are reeling and today’s options volume of 40,000 calls and 32,000 puts (register to read more …) [...]

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