Implied Volatility Mover
Implied volatility in the options on Conagra (CAG) is moving higher amid increasing levels of options activity today. Shares are down 14 cents to $29.06 and overall volume is approaching 3,000 contracts. 2,530 calls and 435 puts have traded on the food company so far. January 30 calls are the most actives, with 2,020 traded, and implied volatility in CAG options is moving up 10 percent to 19. The increased activity comes after a five-day 4.5 percent losing skid in the stock since earnings were reported on 12/20.
Volume Signals
Marvell Technology (MRVL) options volume is running 2.5X the (22-day) average, with 17,000 contracts traded and call volume accounting for 90 percent of the volume.
Harmony Gold (HMY) options volume is 16X, the average daily, with 33,000 contracts traded and call volume representing 99 percent of the activity.
Barclays (BCS) options volume is running 4X the average daily, with 7,630 contracts traded and call volume accounting for 99 percent of the activity.
Increasing options activity is also being seen in Clorox (CLX), Boston Scientific (BSX), and Watson Pharmaceuticals (WPI).
—————————————————————————————-
Disclaimers
This article is provided for informational purposes only. No statement in this article should be construed as a recommendation to buy or sell a security or to provide investment advice. The content provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. optionsXpress makes every effort to provide timely information to its recipients but cannot guarantee specific delivery times due to factors beyond our control.
Derivatives involve substantial risk and are not appropriate for all investors. Please read the “Disclosure Statement for Futures and Options” prior to investing in futures or options.
For investments using a straddle or strangle options strategy the potential loss is unlimited. Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.