TradingMarkets 7 options you need to know for Thursday

Here are 7 options for option traders for Thursday:

XM Satellite Radio (XMSR | Quote | Chart | News | PowerRating) saw a good deal of put buying. The stock closed at 13.57 and the July 15 puts (OSY SC) closed at 1.60 - 1.70  XMSR's PowerRating is 4.

Michael's Stores (MIK | Quote | Chart | News | PowerRating) had plenty of call buying. The stock closed at 37.87 and the July 37 1/2 puts (MIK SU) closed at 1.00 - 1.20. MIK's PowerRating is 3.

Coventry Health (CVH | Quote | Chart | News | PowerRating) had plenty of put buying relative to call buying. The stock closed at 51.78 and the July 50 puts (CVH SJ) closed at 1.05 -1.15.  CVH's PowerRating is 4.

Tenet Healthcare (THC | Quote | Chart | News | PowerRating) also had plenty of put buying relative to call buying. The stock closed at 7.18 and the July 7 puts (THC SJ) closed at 0.25 - 0.35.  THC's PowerRating is 3.

Lear (LEA | Quote | Chart | News | PowerRating) had plenty of put buying relative to call buying. The stock closed at 21.03 and the July 20 puts (LEA SD) closed at 0.60 - 0.75. LEA's PowerRating is 4.

Nike (NKE | Quote | Chart | News | PowerRating) also had plenty of put buying relative to call buying. The stock closed at 82.75 and the July 85 puts (NKE SQ) closed at 3.10 - 3.30.   NKE's PowerRating is 5.

Office Depot (OMX | Quote | Chart | News | PowerRating) had plenty of put buying relative to call buying.  The stock closed at 39.75 and the July 40 puts (ODP SH) closed at 1.50 - 1.60. ODP's PowerRating is 5.

Brice Wightman

PowerRatings are courtesy of PowerRatings.Net