Midday Unusual Options Activity Update: BA, GLW, LLY, JNPR, XRX, GPS, BA
Implied Volatility Mover
Boeing (BA) is up $2.84 to $76.05 in active trading of 4.5 million shares and is the best gainer in the Dow Jones Industrial Average Wednesday after the company reported better-than-expected first quarter earnings and revenues. Shares are rallying and options on the stock are actively traded. 20,000 calls and 15,000 puts traded on Boeing so far, which is 2.5X the daily average. Meanwhile, levels of implied volatility in BA options is down 20.5 percent to 18.5 and moving back towards the 52-week lows of 16.5 set in mid-March.
Volume Signals
Corning (GLW) options volume is running 7X the (22-day) average, with 115,000 contracts traded and call volume accounting for 93 percent of the volume.
Eli Lilly (LLY) options volume is 3.5X the average daily, with 53,000 contracts traded and call volume representing for 69 percent of the activity.
Juniper Networks (JNPR) options volume is running 2.5X the average daily, with 51,000 contracts traded and call volume accounting for 81 percent of the activity.
Increasing options activity is also being seen in Xerox (XRX), Gap Stores (GPS), and Boeing (BA).
-------------------------------------------------------------------------
Disclaimers
This article is provided for informational purposes only. No statementin this article should be construed as a recommendation to buy or sell asecurity or to provide investment advice. The content provided has beenobtained from sources deemed reliable but is not guaranteed as toaccuracy and completeness. optionsXpress makes every effort to providetimely information to its recipients but cannot guarantee specificdelivery times due to factors beyond our control.
Derivatives involve substantial risk and are not appropriate for all investors. Please read the "Disclosure Statement for Futures and Options" prior to investing in futures or options.
For investments using a straddle or strangle options strategy thepotential loss is unlimited. Multi-leg option strategies are subject tomultiple commissions. Profits may be eroded by the commission expendedto open and close the positions and other risks apply.
"
About Joseph Cusick
Joseph Cusick currently serves as the Senior Vice President of Education and a Senior Market Analyst for optionsXpress. Mr. Cusick seeks out common sense and technologically scalable educational pathways for self-directed investors of all experience levels. He is largely responsible for ramping up delivery of online and offline seminars to customers and potential clients worldwide. Prior to serving in his current role, Mr. Cusick immersed himself in the broker side of optionsXpress by managing his own book of business. Prior to joining optionsXpress, Mr. Cusick served as a market maker and portfolio manager at the Chicago Board of Options Exchange. Joseph is a graduate of Marquette University and holds his Series 4, 7 and 63 registrations with FINRA.
View Joseph Cusick's post archive >
