Implied Volatility Mover
Implied volatility in options on MBIA (MBI) is moving higher amid active trading in the mortgage insurance company Thursday. The stock is down 47 cents to $9 in active trading of 3.2 million shares and is down for a second day after peer Radian (RDN) slipped on earnings yesterday. On the options front, 5,350 calls and 6,350 puts traded on MBI in the first 90 minutes of trading day. Jun 10 calls and Aug 7 puts are the most active and 30-day implied volatility in options on the stock is up 16 percent to 112.
Volume Signals
MGM options volume is running 2.5X the (22-day) average, with 56,000 contracts traded and call volume accounting for 71 percent of the volume.
Visa (V) options volume is 2.5X, the average daily, with 24,000 contracts traded and call option volume representing 65 percent of the activity.
Marvell Tech (MRVL) options volume is running 3X the average daily, with 23,000 contracts traded and put volume accounting 81 percent of the activity.
Increasing options activity is also being seen in Beazer Homes (BZH), YELP, and Ebix.com (EBIX).
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