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Unusual Equity Options Activity: BJS, MON, RF, WFC

A look at some unusual options activity in this afternoon’s screener. We’ll let the numbers speak for themselves.

BJ Services (BJS) - not the wholesale chain but the oilfield services company where 14,582 contracts have traded in the July call with a $35 strike price. Open interest yesterday was less than 2k. The stock has been recently hovering close to its 52-week high of $33.33.

Monsanto (MON) - looks like a potential bull call spread trade with a 10k contract block at the $155 and $170 July strike. The agricultural stock is currently trading at $141.

Regions Financial (RF) - put volume continues to explode with 30,452 contracts traded so far today. Schaeffer’s puts the daily average at 2,249. Two thirds of today’s volume is concentrated in the July puts with a strike of $10 where 19,175 contracts have traded. Open interest was previously at 725.

There’s more brutal action in other banks as well, most notably Wells Fargo (WFC) where options traders are stockpiling the July puts at the $25 and $22.50 strike price; 11,286 and 17,842 contracts have traded respectively. Stock currently trading at $25.35.

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