Implied Volatility Mover
Implied volatility in the options on Boeing (BA) is climbing along with the underlying stock today. Shares are up $2.25 to $81.33, new 52-week highs, and the best performers in the industrial average today after Reuters reported this morning that the company’s battery testing is likely to get FAA approval soon. The stock is up and trading in the options on Boeing is brisk today. 36,000 calls and 21,000 puts so far. April 82.5 calls are the most active and 30-day implied volatility is up 12.5 percent to 20.
Volume Signals
MGIC (MTG) options volume is running 3.5X the (22-day) average, with 65,000 contracts traded and call volume accounting for 64 percent of the volume.
Boeing (BA) options volume is 2.5X, the average daily, with 54,000 contracts traded and call volume representing 64 percent of the activity.
SPDR Utility Fund (XLU) options volume is running 7X the average daily, with 52,000 contracts traded and call volume accounting for 99 percent of the activity.
Increasing options activity is also being seen in Ciena (CIEN), Pandora (P), and Symantec (SYMC).
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