Implied Volatility Mover
Implied volatility in the options on Citrix Systems (CTXS) is moving higher ahead of earnings. The maker of virtualization systems and software is down $2.72 to $68.69 in the wake of disappointing earnings from peer VMW are (VMW) and ahead of its own report, due out after the closing bell tomorrow. Trading in the options on the stock is picking up ahead of the news. 17,000 calls and 3,400 puts so far. February 70 calls are the most active and implied volatility in CTXS options is up 25 percent to 50.5.
Volume Signals
Keryx Biopharmaceuticals (KERX) options volume is running 4X the (22-day) average, with 43,000 contracts traded and put volume accounting for 72 percent of the volume.
US Airways (LCC) options volume is 2.5X, the average daily, with 41,000 contracts traded and call volume representing 99 percent of the activity.
VM Ware (VMW) options volume is running 5X the average daily, with 36,000 contracts traded and call volume accounting for 54 percent of the activity.
Increasing options activity is also being seen in Hess (HES), NetApp (NTAP), and Tyson (TSN).
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