9 Stocks Reaching an Inflection Point on Unusual Options Volume

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 |  Includes: CHKP, FLR, MDY, PIR, PNK, POOL, ROK, SNP, SPY, TEL
by: Kapitall

The following is a list of stocks reaching an inflection point, based on moving average trends. All of these stocks are seeing unusual options volume during today's session.

For this article, we define an inflection point as the convergence between the 50-day and 200-day moving averages.

When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross".

Options data sourced from OptioNetics, and moving average data sourced from Finviz.

click for expanded image

The list has been sorted by change in options volume.

1. Tyco Electronics, Ltd. (NYSE:TEL): Diversified Electronics Industry. Market cap of $11,523B. Today's option volume at 1,105 contracts, vs. average options volume at 253 contracts (336.76% change). SMA(50) at $24.46, SMA(200) at $24.52, and current price at $26.32.

2. Pier 1 Imports Inc. (NYSE:PIR): Home Furnishing Stores Industry. Market cap of $896M. Today's option volume at 1,000 contracts, vs. average options volume at 291 contracts (243.64% change). SMA(50) at $7.34, SMA(200) at $7.40, and current price at $7.78.

3. Pool Corp (NASDAQ:POOL): Sporting Goods Industry. Market cap of $962M. Today's option volume at 501 contracts, vs. average options volume at 179 contracts (179.89% change). SMA(50) at $19.29, SMA(200) at $19.51, and current price at $19.90.

4. China Petroleum & Chemical Corp. (NYSE:SNP): Independent Oil & Gas Industry. Market cap of $69,189B. Today's option volume at 1,520 contracts, vs. average options volume at 597 contracts (154.61% change). SMA(50) at $69.07, SMA(200) at $68.49, and current price at $81.00.

5. Pinnacle Entertainment Inc. (NYSE:PNK): Gaming Activities Industry. Market cap of $653M. Today's option volume at 1,153 contracts, vs. average options volume at 458 contracts (151.75% change). SMA(50) at $10.25, SMA(200) at $10.21, and current price at $10.99.

6. SPDR S&P MidCap 400 (NYSEARCA:MDY): Exchange Traded Fund. Market cap of $8,698B. Today's option volume at 3,675 contracts, vs. average options volume at 1,721 contracts (113.54% change). SMA(50) at $148.09, SMA(200) at $148.24, and current price at $139.12.

7. Rockwell Automation Inc. (NYSE:ROK): Industrial Electrical Equipment Industry. Market cap of $7,740B. Today's option volume at 816 contracts, vs. average options volume at 426 contracts (91.55% change). SMA(50) at $52.08, SMA(200) at $51.97, and current price at $55.6.

8. Check Point Software Technologies Ltd. (NASDAQ:CHKP): Security Software & Services Industry. Market cap of $8,798B. Today's option volume at 3,479 contracts, vs. average options volume at 1,915 contracts (81.67% change). SMA(50) at $34.89, SMA(200) at $34.75, and current price at $35.73.

9. Fluor Corporation (NYSE:FLR): Heavy Construction Industry. Market cap of $8,477B. Today's option volume at 5,203 contracts, vs. average options volume at 2,985 contracts (74.3% change). SMA(50) at $47.77, SMA(200) at $48.2, and current price at $48.44.

Disclosure: No positions