Implied Volatility Mover
Implied volatility in options on National Bank of Greece (NBG) is elevated amid heavy trading in the options on the stock Friday. The stock is up 23 cents to $1.14 on high turnover of 13 million shares. Meanwhile, 119,000 calls and 13,000 puts traded on the stock so far. Much of the activity is focused on August 1 calls, where a whopping 82,000 contracts have traded against about 69,000 in open interest. It’s not clear what is driving the activity, but implied volatility in NBG is up another 19 percent and very elevated at 188.
Volume Signals
Amazon.com (AMZN) options volume is running 3X the (22-day) average, with 165,000 contracts traded and call volume accounting for 53 percent of the volume.
Nataional Bank of Greece (NBG) options volume is 14.5X, the average daily, with 131,000 contracts traded and call option volume representing 90 percent of the activity.
Baidu.com (BIDU) options volume is running 2X the average daily, with 70,000 contracts traded and call volume accounting 54 percent of the activity.
Increasing options activity is also being seen in Clearwire (CLWR), Williams Companies (WMB), and Goodyear (GT).
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