Seeing as how my trusty put/call ratio continues to chop along the moving average (ending at 1.26 today – 7th straight day of indecision), I feel the need to inject some excitement into this post via the JakeGint-method.

So for any doubters of Jennifer’s goddess-ness, I present a few of her greatest…commandments:

See also here & here for more ‘clothing optional’ looks.

Back to more mundane items, let’s look at some interesting/unusual activity in individual equities:

• DNDN, the speculators’ favorite vehicle was all the way up in 4th in the most actives list.  Results from the Phase III trial will be released tomorrow.  3:1 call:put volume, although I liked Andy Swan’s trade the best (I didn’t follow as I couldn’t get a low enough quote on the trade) – betting a smaller than expected move with a double diagonal.
• The quarter’s theme: low volatility into earnings seen in BIDU, BMY, PFE, VLO,
• A couple buyout rumours:  HES, IPI
• Tremendous volume in CIEN Jun09 12.50 calls.  Almost 25k traded today, with the open interest standing only at 378.
• Similar action in TIVO Aug09 10.0 calls.
• High volume synthetic short trade seen in OI (August expiration – selling 22.5 calls, buying 15. puts).