Implied Volatility Mover
Implied volatility in options on Qihoo Technology (QIHU) is moving higher Monday. The stock is up $2.50 to $36.90 in active trading 2.4 million shares on positive analyst commentary and options volume on the Chinese Internet company is running almost 4X the daily average. About 6,100 calls and 6,400 puts traded on QIHU so far. May 37 puts, June 34 calls, and May 36 calls are the most active. 30-day implied volatility rose 20.5 percent to 44. The company is expected to report earnings around May 21.
Volume Signals
3M (MMM) options volume is running 4X the (22-day) average, with 36,000 contracts traded and call volume accounting for 51 percent of the volume.
Anadarko Pete (APC) options volume is 2X, the average daily, with 31,000 contracts traded and call option volume representing 75 percent of the activity.
Linn Energy (LINE) options volume is running 4.5X the average daily, with 30,000 contracts traded and put volume accounting 69 percent of the activity.
Increasing options activity is also being seen in Blackstone (BX), Nationstar Mortgage (NSM0), and Kinross Gold (KGC).
Do you want to learn more about unusual options trading activity? Then the Unusual Options Activity Forum is for you:
When: Wednesday, May 15
Time:? 2:00 p.m.
Where: The Chicago Board Options Exchange, 400 South LaSalle Street, Chicago, IL 60605
Price: $99
What Will You Learn?
Attendees of this one-of-a-kind event will learn:
- The specific tools, strategies, and techniques used by options experts to identify unusual options trading activity
- How to filter out meaningful trades from the sea of noise in the options market
- How to successfully incorporate unusual activity information into your options trading
- How to avoid the costly mistakes made by many traders when analyzing unusual options activity.
What Will You Get?
- A Rare, Guided Tour of the Historic Chicago Board Options Exchange Trading Floor ? Including the Apple, Google, SPX & VIX Trading Pits (street price: unavailable to the public)
- One Free Month of Option Vision ? ?A unique 3-D charting platform designed to hunt down unusual options activity (street price: $99)
- One Free Month of OptionAlert ? The leading option flow monitor and unusual activity analysis tool (street price: $150)
- One Free Month of Livevol Pro ? The premiere analytics platform for professional options traders (street price: $199)
- Free Copy of The Options Traders? Hedge Fund (street price: $40)
- One Free Month of Option Pit Live ? Option Pit Live is designed to feed option traders the best actionable options trading content on the web. (street price: $125)
- One Free Month of Market Taker Group Coaching ? Let the pros at Market Taker Mentoring improve your options trading. Receive professional daily group mentoring sessions for one month ? including 20 trade ideas each session. (street price: $332)
———————————————————————————
Disclaimers
This article is provided for informational purposes only. No statement in this article should be construed as a recommendation to buy or sell a security or to provide investment advice. The content provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. optionsXpress makes every effort to provide timely information to its recipients but cannot guarantee specific delivery times due to factors beyond our control.
Derivatives involve substantial risk and are not appropriate for all investors. Please read the “”Disclosure Statement for Futures and Options”” prior to investing in futures or options.
For investments using a straddle or strangle options strategy the potential loss is unlimited. Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.