Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement.
Stocks seeing volatility buying: CX puts are seeing interest with ~6x the number of puts trading vs calls (22.2K vs 4.0K). Most notable are the CX Jan10 2.5 puts with 8480 contracts trading vs. open int of 29.5K, pushing implied vol up around 17 points to ~144%; PRU Jun 22.5 calls are seeing interest with 4170 contracts trading vs. open int of 1390, pushing implied vol up around 10 points to ~147% -- co is expected to report earnings early May; Market Vectors Agribusiness ETF (MOO) puts are seeing interest with ~5x the number of puts trading vs calls (3.7K vs 770). Most notable are the MOO May 24 puts with 2010 contracts trading vs. open int of 730, pushing implied vol up around 6 points to ~62%;
CBS Jun 5 calls are seeing interest with 7710 contracts trading vs. open int of 5780, pushing implied vol up around 5 points to ~95%; ITU calls are seeing interest with 3.7K total calls trading vs 0 puts. Most notable are the ITU Jun 15 calls with 2100 contracts trading vs. open int of 2340, pushing implied vol up around 1 point to ~73% and the ITU Jun 10 calls with 1350 contracts trading vs. open int of 530, pushing implied vol up around 9 points to ~83%.
Stocks seeing volatility selling: S puts are active with 7.3K total puts trading vs 440 calls. Most notable are the S Apr 3 puts with 5220 contracts trading vs. open int of 5280, pushing implied vol down around 15 points to ~95%; STX Apr 4 puts are active with 6700 contracts trading vs. open int of 3930, pushing implied vol down around 12 points to ~105% -- co is expected to report earnings mid April, possibly falling within the April expirations cycle; CYPB Jun 7.5 calls are active after the co and FRX announced that they expect to ship Savella by mid 2009 with 2020 contracts trading vs. open int of 390, pushing implied vol down around 9 points to ~74%; MCRS Sep 17.5 calls are active following earnings with 1000 contracts trading vs. open int of 20, pushing implied vol down around 3 points to ~52%; MRVL implied vol is lower following earnings... CBOE Put/Call ratio: 0.89, VIX: (50.87, +0.70, +1.5%), VXN: (49.34, +1.26, +2.6%). (To find past options related comments in the archive, use the symbol OPTNX)
Prepare yourself for the "New Economy"
Posted:
3/6/2009 11:39:05 AM by
StockMarketFunding | with
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SMF Pro Trader Options Activity
Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement.
Stocks seeing volatility buying: UAUA Mar 5 calls are seeing interest with 5060 contracts trading vs. open int of 7260, pushing implied vol up around 25 points to ~220%;
IVN Apr 5 calls are seeing interest with 11.1K contracts trading vs. open int of 11.6K, pushing implied vol up around 14 points to ~164% -- note IVN calls have been seeing heavy interest over the past week (see details in previous comments under ticker OPTNX);
EK Oct 2.5 calls are seeing interest with 1850 contracts trading vs. open int of 70, pushing implied vol up around 9 points to ~108% -- expected to report earnings late April; FTR Apr 7.5 calls are seeing interest with 1590 contracts trading vs. open int of 990, pushing implied vol up around 7 points to ~64%;
MFC Mar 7.5 puts are seeing interest with 2090 contracts trading vs. open int of 40, pushing implied vol up around 6 points to ~132%; MDCO Oct 10 calls are seeing interest ahead of presentation at Stanford Group Company Healthcare Conference on Mar 6 with 1620 contracts trading vs. open int of 10, pushing implied vol up around 5 points to ~86% -- co is expected to report mid April; ERIC Oct 5 puts are seeing interest with 1010 contracts trading vs. open int of 90, pushing implied vol up around 5 points to ~70% -- co is expected to report earnings mid April.
Of Note: GE options are seeing heavy interest. Most notable volume is seen in the GE Jun 2.5 puts with 52.5K contracts trading vs. open int of 41.9K, pushing implied vol up around 20 points to ~182% -- co is expected to report earnings mid April.
Stocks seeing volatility selling: CX Mar 5 puts are active with 16.0K contracts trading vs. open int of 20.6K, pushing implied vol down around 13 points to ~131%; CMP Mar 50 calls are active with 1620 contracts trading vs. open int of 430, pushing implied vol down around 8 points to ~103% -- co has been recently targeted as takeover candidate;
CYH puts are active with 4.2K total puts trading vs 90 calls. Most notable are the CYH Mar 12.5 puts with 1400 contracts trading vs. open int of 1270, pushing implied vol down around 9 points to ~108% and the CYH Apr 15 puts with 1400 contracts trading vs. open int of 0, pushing implied vol down around 5 points to ~83%; AZO implied vol is lower following earnings...
CBOE Put/Call ratio: 0.76, VIX: (51.22, -1.43, -2.8%), VXN: (50.19, -0.73, -1.4%). (To find past options related comments in the archive, use the symbol OPTNX)
Prepare yourself for the "New Economy"
Posted:
3/3/2009 6:02:21 PM by
StockMarketFunding | with
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Select options seeing interest, making upward implied volatility moves on volume today, with little corresponding action in the underlying stock, include: Puts: RAH Nov 55 puts (volume: 1170, open int: 0, implied vol: ~68%, prev day implied vol: 51%) -- the stock was downgraded this morning to Neutral from Outperform at Credit Suisse -- earnings are expected in mid-Nov, possibly falling within the Nov expiration cycle; HAR Dec 15 puts are seeing interest ahead of the co's earning tomorrow (10/29) after the close (volume: 1760, open int: 0, implied vol: ~116%, prev day implied vol: 99%); QLGC Nov 10 puts (volume: 1620, open int: 270, implied vol: ~87%, prev day implied vol: 76%); ROH Jan09 50 puts (volume: 2300, open int: 460, implied vol: ~78%, prev day implied vol: 70%) -- earnings are expected in late Jan, possibly falling outside of the Jan expiration cycle; CLX Nov 50 puts are seeing interest ahead of the co's earnings Friday (10/31) before the open (volume: 3260, open int: 2330, implied vol: ~64%, prev day implied vol: 57%)... CBOE Put/Call ratio: 1.19, VIX: (74.99, -5.07, -6.3%), VXN: (74.81, -4.35, -5.5%).
Posted:
10/28/2008 3:02:59 PM by
StockMarketFunding | with
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Select options seeing interest, making upward implied volatility moves on volume today, with little corresponding action in the underlying stock, include:
Calls: CELG Nov 55 calls (volume: 2210, open int: 3870, implied vol: ~71%, prev day implied vol: 56%) -- the co's Vidaza received a positive opinion from a European regulatory authority for the treatment of M.D.S. and A.M.L.; EBAY Nov 15 calls (volume: 5280, open int: 3540, implied vol: ~76%, prev day implied vol: 65%)... Puts: MS Nov 12.5 puts (volume: 31.2K, open int: 5550, implied vol: ~182%, prev day implied vol: 163%); BRCM Dec 15 puts (volume: 11.0K, open int: 671, implied vol: ~78%, prev day implied vol: 67%); XLNX Dec 17.50 puts (volume: 6420, open int: 5320, implied vol: ~63%, prev day implied vol: 56%)... CBOE Put/Call ratio: 1.31, VIX: (80.37, +12.49, +18.4%), VXN: (82.42, +12.52, +18.0%). (To find past options related comments in the archive, use the symbol OPTNX)
Posted:
10/24/2008 3:24:07 PM by
Global Administrator | with
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Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement.
Stocks seeing volatility buying: MS Nov 12.5 puts are seeing heavy interest with 27.7K contracts trading vs. open int of 5550, pushing implied vol up around 35 points to ~198%;
CELG Nov 55 calls are seeing interest with 2140 contracts trading vs. open int of 3860, pushing implied vol up around 11 points to ~67% -- the co's Vidaza received a positive opinion from a European regulatory authority for the treatment of M.D.S. and A.M.L.
EBAY Nov 15 calls are seeing interest with 4920 contracts trading vs. open int of 3540, pushing implied vol up around 6 points to ~71% -- the Apr 16 puts are also seeing some interest; MRVL Dec 5 calls are seeing interest with 1130 contracts trading vs. open int of 1090, pushing implied vol up around 6 points to ~105% -- earnings are expected in late Nov.
Of note: The DWA Nov 25/30 strangle is seeing interest ahead of the co's earnings Tuesday (10/28) after the close, with 1190 Nov 25 puts trading vs. open int of 1030, pushing implied vol up around 15 points to ~93%, and 1320 Nov 30 calls trading vs. open int of 1200, pushing implied vol up around 18 points to ~80%. Stocks seeing volatility selling: EK Nov 10 puts are active with 4150 contracts trading vs. open int of 660, pushing implied vol down around 4 points to ~89% -- earnings are confirmed on 10/30; MSFT near-month implied volatility is lower following earnings.
CBOE Put/Call ratio: 1.52, VIX: (76.02, +8.22, +12.1%), VXN: (78.32, +8.48, +12.1%). (To find past options related comments in the archive, use the symbol OPTNX)
Posted:
10/24/2008 11:56:31 AM by
Global Administrator | with
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