Thursday, January 21, 2010

Hot Topic (HOTT) - Call Buyer

HOTT is trading 5.91. The LIVEVOL™ Pro Summary is below.

I found it from the Scanner Tab. It's the number 1 results of the High Option Volume Scan (highest option volume relative to average). It has traded 2,430% of its daily option volume average. The Scanner Tab snapshot is included below.

The company has traded over 5,418 options today on total daily average option volume of 223. The Company Tab snapshot is below (click the image to enlarge).

Essentially the entire volume was a 2,500 May 5/7.5 call stupid purchase for 1.50 + 0.25 = 1.75. The day's biggest trades and Option Tab snapshots are inlcuded below (click either image to enlarge).

Note the open interest (OI) is much lower than the trade volume for both lines - these are opening trades.

Finally the Charts Tab illustrates the strong downward move over the lasy few months including a gap down after earnings. You can also see how large this option volume is relative to the average. Click the image below to enlarge.

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