Implied Volatility Mover
Implied volatility in the options on Qihoo Technologies (QIHU) is picking up ahead of earnings. The stock gained 69 cents to $23.67 in active trading of 1.15 million shares. Meanwhile, options volume on the Chinese Internet company is running 2.5X the daily average. 5,535 calls and 2,210 puts so far. December 24 and 25 calls are the most actives. 30-day implied volatility in QIHU options is up 18.5 percent to 62 ahead of the results, which are due out after the closing bell. The stock rallied more than 16 percent on 8/22 when the company last reported.
Volume Signals
Corning (GLW) options volume is running 4X the (22-day) average, with 69,000 contracts traded and call volume accounting for 98 percent of the volume.
Teavana (TEA) options volume is 19X, the average daily, with 27,000 contracts traded and put volume representing 95 percent of the activity.
Electronic Arts (EA) options volume is running 6.5X the average daily, with 25,000 contracts traded and call volume accounting for 82 percent of the activity.
Increasing options activity is also being seen in Tyson Foods (TSN), Southwest Airlines (LUV), and Agnico Eagle Mines (AEM).
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