Options Report: May 26, 2011

May 27, 2011

Welcome to the Financial News Network Options Report.On the call side, Cypress Semiconductor (NASDAQ:CY) calls are currently over 5.5 times their average volume, after being estimated by Zacks.com to have an annual growth rate of 70%. Krispy Kreme Doughnuts (NYSE:KKD) calls are trading over 5 times their average volume after several analysts upgraded the stock. Cubist Pharmaceuticals (NASDAQ:CBST) calls are trading close to 5 times their average volume after the Telegraph reported that Shire PLC is considering a bid for the company. Finally, AK Steel Holding (NYSE:AKS) calls close out the list at 4 times their normal volume after several investors bet bullishly on the company.Taking a look at the put side of the ledger, El Paso Corporation (NYSE:EP) puts are currently trading just over 13 times their average volume after forecasting a strong 2011 earnings. Harbin Electric (NASDAQ:HRBN) puts are active today, trading at over 8 times their normal volume after stocks began to drop because of the Commerce Department's report on durable goods. Finally, SandRidge Energy (NYSE:SD) puts close out the list at close to 6 times their average amount after filing a Registration Statement with the SEC relating to the initial public offering of $600 million in common units of SandRidge Permian Trust. This has been you daily options update from the Financial News Network. Stay tuned for more insight into where the big money is placing their bets each day.