Unusual Options Activity Update: TPX, AIG, EA, DIS, NOV, ANF, CTSH
Implied Volatility Mover
Implied volatility in the options on Tempur Pedic (TPX) is up sharply today amid increasing levels of put activity. Shares of the Lexington, KY mattress manufacturer are down $8.20 to $48.51 on heavy volume of 9.3 million shares. The slide might be due to negative broker commentary, but that hasnít been confirmed. For whatever reason, TPX is down today and the options volume, of 23,000 puts/8,300 calls, is 4X the daily average for the name. At the same time, levels of implied volatility in the options on the stock jumped 34 percent to 58.5.
Volume Signals
AIG options volume is running 2X the (22-day) average, with 133,000 contracts traded and call volume accounting for 67 percent of the volume.
Electronic Arts (EA) options volume is 3.5X the average daily, with 38,000 contracts traded and call volume representing for 81 percent of the activity.
Disney (DIS) options volume is running 2.5X the average daily, with 32,000 contracts traded and call volume accounting for 68 percent of the activity.
Increasing options activity is also being seen in National Oilwell (NOV), Abercrombie (ANF), and Cognizant Technology (CTSH).
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