Welcome to the Financial News Network Options Report.
On the call side, Novellus Systems (NASDAQ:NVLS) call are trading at close to 9 times their average on news that the company could be a potential takeover target. General Dynamics (NYSE:GS) calls are trading at 6 times their average volume on news that a recently approved defense budget has over $450 million set aside for the company. AT&T (NYSE:T) calls are very active today, trading at just under 5.5 times their normal volume on news that the company has made a large investment in Israel. Spreadtrum Communications (NASDAQ:SPRD) calls are not far behind at just under 5 times their normal volume. Finally, ArcelorMittal (NYSE:MT) calls close out the list at just under 4.5 times their normal volume after several investors bet bullishly on the company.
Taking a look at the put side of the ledger, Viacom (NYSE:VIA) puts are currently trading at just under 16 times their average volume after several investors bet bearishly on the media giant. Royal Caribbean Cruises (NYSE:RCL) puts are also very active today, trading over 11 times their average volume as analysts are bearish on the sector following a disappointing earnings preview from a competitor. Aetna (NYSE:AET) puts are not far behind at just under 11 times their average volume. Coach (NYSE:COH) puts are just under 10 times their average volume despite being upgraded by analysts. Finally, Weyerhauser (NYSE:WY) puts close out the list at around 8 times the average amount. This has been your daily options update from the Financial News Network. Stay tuned for more insight into where the big money is placing their bets each day.