Implied Volatility Mover
Implied volatility in the options on Diana Shipping (DSX) is moving higher amid active trading in the options on the stock. The stock notched 52-week highs early, but is now down 10 cents to $10.61 in very active trading of 2.5 million shares. Typical volume through midday is about 500K shares. Meanwhile, 4,900 calls and 1,970 puts traded on the shipping company, which is 5X the daily average. Sep 9, Sep 10 and May 11 calls are the most actives and 30-day implied volatility in DSX is moving up 16.5 percent to 43. No obvious news headlines on the stock to explain the heightened activity in DSX shares and options Thursday.
Volume Signals
MetroPCS (PCS) options volume is running 3X the (22-day) average, with 49,000 contracts traded and call volume accounting for 92 percent of the volume
Juniper Networks (JNPR) options volume is 4.5X, the average daily, with 31,000 contracts traded and call option volume representing 51 percent of the activity.
Apache (APA) options volume is running 2.5X the average daily, with 25,000 contracts traded and call volume accounting for 83 percent of the activity.
Increasing options activity is also being seen in Heinz (HNZ), Teradyne (TER), and RedHat (RHT).
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