Implied Volatility Mover
Implied volatility in options on Fusion IO (FIO) is moving higher, as shares of the Salt Lake City, UT data storage company come under pressure Wednesday. The stock is down $4.69 to $13.31 in active trading of 25 million shares after the company announced that two of the company’s three co-founders were leaving the company to pursue other entrepreneurial activities. FIO is falling to 52-week lows and options volume is 3.5X the daily average, with 17,000 calls and 14,000 puts traded. May 13 calls and Jun 15 puts are the most active, and 30-day implied volatility is up 39 percent to 63.5.
Volume Signals
Disney (DIS) options volume is running 2X the (22-day) average, with 44,000 contracts traded and call volume accounting for 64 percent of the volume.
Whole Foods (WFM) options volume is 4X, the average daily, with 42,000 contracts traded and call option volume representing 63 percent of the activity.
Delta Airlines (DAL) options volume is running 2.5X the average daily, with 36,000 contracts traded and call volume accounting 70 percent of the activity.
Increasing options activity is also being seen in Fusion IO (FIO), Electronic Arts (EA), and Lamar Advertising (LAMR).
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