Implied Volatility Mover
Implied volatility in options on Western Union (WU) is moving higher amid increasing options activity ahead of earnings. The company is due to report after the closing bell today. The stock is up 23 cents to $14.87 today in quiet trading through midday. Yet, 6,330 calls and 490 puts traded in the name, which is 4X the daily average. May 15 calls are the most active and 30-day implied volatility is up 17 percent to 35.
Volume Signals
Nuance (NUAN) options volume is running 2.5X the (22-day) average, with 24,000 contracts traded and call volume accounting for 67 percent of the volume.
Phillips 66 (PSX) options volume is 2.5X, the average daily, with 22,000 contracts traded and call option volume representing 94 percent of the activity.
Pitney Bowes (PBI) options volume is running 2.5X the average daily, with 22,000 contracts traded and call volume accounting 59 percent of the activity.
Increasing options activity is also being seen in Heinz (HNZ), Riverbed Tech (RVBD), and the Limited (LTD).
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