Implied Volatility Mover
Implied volatility in options on Weyerhaeuser (WY) is moving higher ahead of earnings. The stock is up 6 cents to $31.47 and options volume on the paper company is running 2.5X the daily average. 5,590 puts and 650 calls traded in WY so far. May 30 puts are the most active, as 4,935 contracts have traded against 3,302 in open interest. Some investors are possibly taking protective put positions ahead of the results, and 30-day implied volatility in the options on the stock is up 12 percent to 27.5.
Volume Signals
Microsoft (MSFT) options volume is running 2.5X the (22-day) average, with 427,000 contracts traded and call volume accounting for 68 percent of the volume.
Qualcomm (QCOM) options volume is 2.5X, the average daily, with 93,000 contracts traded and call option volume representing 94 percent of the activity.
Zynga (ZNGA) options volume is running 2X the average daily, with 62,000 contracts traded and call volume accounting 65 percent of the activity.
Increasing options activity is also being seen in Talisman Energy (TLM), Safeway (SWY), and Akamai (AKAM).
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