Welcome to the Financial News Network Options Report. On the call side, Northrop Grumman is seeing 25 times the normal amount of calls today after news that the firm signed a $25 million dollar contract with the US Navy. Red Hat shares are also seeing a large amount of calls today, close to 24 times the average after several bearish bets were made on the company. SunPower calls are at over 5 times the average amount as investors have been bearish on alternative energy stocks of late. Big Lots closes out the list today with 5 times the average amount of calls after rumors that private equity firms are interested in the discount retail sector. Taking a look at the put side of the ledger, Savient Pharmaceutical puts are at over 14 times the average amount today as investors continue to be bullish on the company. CurrencyShares Japanese Yen Trust puts are continuing on their bear run today, with 7 times their normal volume. BJ’s Wholesale puts are coming in at 5.8 times the average amount today ahead of the March 18th expiration date. Finally, China Integrated Energy puts are 5.5 times the average today after the company was downgraded by analysts today. 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.
