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Monday Options Screener: HBC, DAL, NOK, SLB

A look at some unusual options activity in this afternoon’s screener.

HSBC Holdings (HBC) – Trying to stay green, but there continues to be a lot of put activity, like Friday, concentrated in well out of the money, all premium puts trading for $2.55 at the $70 September strike. There are still rumors of potential write-downs and speculation that the company might make a bid for UBS.

Delta Airlines Corp. (DAL) – 32,566 contracts traded at the $7.50 strike for the September calls at $.80 a piece. The big block call activity mirrors last week’s options trading in Northwest Airlines. Delta said it would buy Northwest back in April for about $12.50 per share.

Nokia Corp. (NOK) – Wild, big time put activity in out of the money puts at the July $20 strike – 13,257 contracts at less than a quarter a piece have traded there with open interest just at 2,675. The stock is fresh off a 52-week low and reports second quarter results on July 17… one day before options expiration.

Schlumberger Limited (SLB) – Some decent options activity in the oil services company, specifically in the August calls with a $115 strike price - 4,936 contract volume there and at the lower $100 strike. Block activity suggests maybe a trader using a bull call spread options strategy. Reports earnings on July 18.

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