Pain At The Pump

On the call side, Energy shares are seeing bullish activity today due to the Libyan crisis causing a spike in oil prices. ATP Oil & Gas, Clean Energy and the ProShares Ultra Crude Oil ETF are clocking in with calls of 7.1, 6.3 and 5.8 times their normal volume, respectively. Delcath Systems received a negative letter from the FDA, and investors are betting on a rebound. Call options for the company are currently at 5.7 times their normal volume. Lastly, ProLogis announced today that they have closed a $189 Million Loan for the ProLogis North American Industrial Fund, and call options for the company are currently at 5.6 times their normal volume. Taking a look at the put side of the ledger, Bristol-Myers Squibb is currently at 8.1 times the normal amount of puts after the FDA issued a warning on certain antipsychotic drugs, leading to bearish bets in the sector. Mechel and Huntsman are also seeing a large amount of bearish activity today, currently around 8 times the normal amount of puts. The Consumer Discretionary ETF is at 7.2 the average amount of put as traders see consumers being hurt but rising gas prices. Finally, Shares of Cypress Semiconductor are trading down around 4% today and options traders are also bearish, with 6.9 times the average amount of puts. This has been you daily options update from the Financial News Network. Stay tuned for more insight into where the big money is placing their bets each day.