Implied Volatility Mover and Volume Signals for Thursday, January 3, 2013
Implied Volatility Mover
Implied volatility in SunPower Tech (SPWR) is moving higher along with the share price Thursday. The stock rallied 32 percent to $8.10 on heavy volume of 9.2 million shares. 7,330 calls and 1,550 puts traded on SPWR so far, which is 5.5X the daily average. January and March 6 calls are the most actives in SPWR today and 30-day implied volatility jumped 19 percent to 72.5.
Volume Signals
iShares Taiwan Fund (EWT) options volume is running 3.5X the (22-day) average, with 60,000 contracts traded and call volume accounting for 50 percent of the volume.
Melco Crown Entertainment (MPEL) options volume is 5X, the average daily, with 24,000 contracts traded and call volume representing 99 percent of the activity.
Mellanox Technologies (MLNX) options volume is running 2.5X the average daily, with 23,000 contracts traded and put volume accounting for 70 percent of the activity.
Increasing options activity is also being seen in Macy’s (M), Nucor (NUE), and Mattel (MAT).
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