Implied Volatility Mover
Implied volatility in the options on LinkedIn (LNKD) is down sharply, as shares of the social media company soar on earnings news Friday. LNKD is up $22.71 to $146.80 on heavy turnover of 7.5 million shares after the company reported EPS and revenue numbers that easily topped Street expectations. LinkedIn options are seeing brisk trading as well. 78,000 calls and 60,000 puts. Weekly 150 calls and 145 puts, expiring after today, are the most actives. Meanwhile, implied volatility is down 30 percent to 34.5 and falling back down towards the lower end of the 52-week range (31.5 and 86.7).
Volume Signals
LinkedIn (LNKD) options volume is running 6X the (22-day) average, with 108,000 contracts traded and call volume accounting for 56 percent of the volume.
Activision Blizzard (ATVI) options volume is 21X, the average daily, with 93,000 contracts traded and call volume representing 77 percent of the activity.
MBIA (MBI) options volume is running 9X the average daily, with 56,000 contracts traded and put volume accounting for 94 percent of the activity.
Increasing options activity is also being seen in Nuance (NUAN), Boyd Gaming (BYD), and Coinstar (CSTR).
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