Implied Volatility Mover
Implied volatility in the options on Diamond Foods (DMND) is up, as shares fall Monday. DMND was halted intraday after a short sale rule went into effect and is now down $1.34 to $13.47 after the company released earnings after the closing bell Friday. Volume is a brisk 1.2 million shares and roughly 16,000 options traded on the food company. 11,000 puts and 5,000 calls so far and 30-day implied volatility in DMDN options is up 20 percent to 69.
Volume Signals
Marathon Oil (MRO) options volume is running 4.5X the (22-day) average, with 48,000 contracts traded and put volume accounting for 94 percent of the volume.
Phillips 66 (PSX) options volume is 3X, the average daily, with 39,000 contracts traded and call volume representing 94 percent of the activity.
Eastman Kodak (EK) options volume is running 5X the average daily, with 18,000 contracts traded and call volume accounting for 89 percent of the activity.
Increasing options activity is also being seen in Diamond Foods (DMND), Ingersoll Rand (IR), and ADM.
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