Implied Volatility Mover
Implied volatility in the options on Gilead Sciences (GILD) is moving higher today. The stock is up $3 to $65.02 and touching new 52-week highs in active trading of 10 million shares on positive analyst commentary. The stock is the leader in the S&P 500 and options volume on the anti-viral drug-developer is running more than 3X the daily average. About 23,000 contracts, including 16K calls and 7,000 puts, traded in GILD so far. 30-day implied volatility in the options is moving up 19 percent to 26.5.
Volume Signals
Pan American Silver (PAAS) options volume is running 9.5X the (22-day) average, with 63,000 contracts traded and call volume accounting for 96 percent of the volume.
IAM Gold (IAG) options volume is 9X, the average daily, with 40,000 contracts traded and call volume representing for 94 percent of the activity.
SPDR Homebuilder Trust (XHB) options volume is running 2.5X the average daily, with 27,000 contracts traded and put volume accounting for 91 percent of the activity.
Increasing options activity is also being seen in Gilead Sciences (GILD), Weyerhaeuser (WY), and Savient (SVNT).
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