Implied Volatility Mover
Implied volatility in the options on Marvell Technology (MRVL) is moving higher, amid relative weakness in the stock and increased options activity. Shares are down $1.24 to $7.59 on news of a CEO resignation, lowered third quarter earnings guidance, followed by analyst downgrades. 27.5 million shares and 30,000 options traded on the chipmaker. The flow includes about 23,000 puts and 7,000 calls. November 8 puts are the most actives and implied volatility in MRVL options is up 15 percent to 51.5.
Volume Signals
Sandisk (SNDK) options volume is running 2.5X the (22-day) average, with 61,000 contracts traded and call volume accounting for 57 percent of the volume.
Chipotle Mexican Grill (CMG) options volume is 2.5X, the average daily, with 61,000 contracts traded and put volume representing for 55 percent of the activity.
AMD options volume is running 2X the average daily, with 58,000 contracts traded and put volume accounting for 61 percent of the activity.
Increasing options activity is also being seen in Navistar (NAV), Marvell Technology (MRVL), and Riverbed Technology (RVBD).
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