Implied Volatility Mover
St. Jude Medical (STJ) drops $4.12 to $31.59 on heavy volume of 11 million shares and implied volatility in the options on the medical device-maker is moving higher after the New York Times ran a story noting that officials have been scrutinizing the company’s heart device business. The stock is down and options volume is 8X the daily average. About 10,000 calls and 10,000 puts traded in the name so far. Jan2014 35 calls and 25 puts are the most actives and 30-day implied volatility in STJ options jumped 40 percent to 33.
Volume Signals
NVidia (NVDA) options volume is running 2X the (22-day) average, with 40,000 contracts traded and put volume accounting for 94 percent of the volume.
Salesforce.com (CRM) options volume is 2X, the average daily, with 38,000 contracts traded and put volume representing 54 percent of the activity.
Deere (DE) options volume is running 3X the average daily, with 35,000 contracts traded and put volume accounting for 56 percent of the activity.
Increasing options activity is also being seen in Suntrust (STI), St. Jude Medical (STJ), and Celsion (CLSN).
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