MGM loses 17 cents to $13.02 and options trades on the casino operator Monday morning include a Feb 13 – Mar 14 call spread, apparently sold at a penny, 12000X. Looks like Feb calls were sold at 47 cents to (register to read more …) [...]

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RenRen (RENN) jumps 73 cents to $5.98 on volume of 8.9 million shares, which is almost twice the daily average volume for the Chinese Internet company. RenRen is on a two-day 43.3 percent surge amid heavy trading in both the (register to read more …) [...]

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US Airways (LCC) is up $1 to $7.41 on share volume of 11.2 million and gaining altitude today following upbeat earnings news. Typical volume in LCC through the first 90 minutes of trading is about 2 million. Options on the (register to read more …) [...]

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Clean Energy Fuels (CLNE) adds 70 cents to $15 and implied volatility in the options on the stock is higher amid optimism President Obama will highlight the benefits of natural gas technologies during tonight’s State of the Union address. Feb (register to read more …) [...]

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Melco (MPEL) loses 3 cents to $11.14 and today’s volume of 26,000 calls and 870 puts is 7X the daily average for the casino operator. The top trade is 12,600 April 14 calls bought for 35 cents per contract to (register to read more …) [...]

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Sears Holdings (SHLD) is up $3.16 to $36.72 after an analyst appeared on CNBC and mentioned potential for the retailer to go private. Options volume is running 3X the daily average, with 44,000 calls and 16,000 puts traded in Sears (register to read more …) [...]

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Carnival Cruise (CCL) shares are sinking today and implied volatility in the options on the stock is moving higher in the wake of the Italian cruise ship disaster off the coast of Tuscany. CCL is down $4.73 to $29.55 and (register to read more …) [...]

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Sirius XM Radio (SIRI) sees increasing options activity ahead of next week’s expiration. Shares are up a nickel to $2.16 and outperforming today on heavy volume of 48 million shares. No headlines on the ticker and January 2 calls, which (register to read more …) [...]

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Implied volatility in Urban Outfitters (URBN) is up sharply this morning after the retailer’s CEO unexpectedly stepped down and Citi downgraded the stock to Sell from Buy. Shares are off $5.71 to $23.70 and options volume is running 9X the (register to read more …) [...]

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Safeway (SWY) adds 41 cents to $21.64 and a multi-exchange sweep of 5,000 Feb 20 puts on the stock for 30 cents per contract is an opening customer buyer, according to data from the ISE. 5,420 traded against 142 in (register to read more …) [...]

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