Implied Volatility Mover
Implied volatility in the options on JC Penney (JCP) is moving higher along with the share price today. The stock is up $1.14 to $20.59 in active trading of 6.4 million shares. Meanwhile, 29,000 calls and 20,000 puts traded on the retailer. January 20 calls are the most actives. 6,025 traded. December 19 and January 20 puts are seeing active trading as well. It’s not clear what is motivating the activity, as there are no headlines on the stock today. Nevertheless, 30-day implied volatility in JCP options is moving up 8 percent to 65.5.
Volume Signals
Best Buy (BBY) options volume is running 3.5X the (22-day) average, with 97,000 contracts traded and call volume accounting for 68 percent of the volume.
Clearwire (CLWR) options volume is 4X, the average daily, with 55,000 contracts traded and call volume representing 91 percent of the activity.
CVS options volume is running 2X the average daily, with 25,000 contracts traded and put volume accounting for 51 percent of the activity.
Increasing options activity is also being seen in United Airlines (UAL), MBIA (MBI), and Eastman Chemical (EMN).
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