Implied Volatility Mover
Implied volatility in the options on Monster Beverage (MNST) is moving higher Wednesday. The stock came under fire early and is down $3.75 to $52.61 on heavy volume of almost 3 million shares. It’s not clear what is driving the action, as there are no obvious headlines on the stock, but options action is picking up as well. 3,260 calls and 4,360 puts traded on MNST so far and implied volatility in the 30-day options is moving up 18 percent to 42.
Volume Signals
iShares Long-term Bond Fund (TLT) options volume is running 2.5X the (22-day) average, with 137,000 contracts traded and put volume accounting for 89 percent of the volume.
MetLife (MET) options volume is 2X, the average daily, with 35,000 contracts traded and call volume representing for 71 percent of the activity.
Santander (SAN) options volume is running 2X the average daily, with 17,000 contracts traded and call volume accounting for 63 percent of the activity.
Increasing options activity is also being seen in the iShares Germany Fund (EWG), Bunge (BG), and Royal Caribbean (RCL).
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