Implied Volatility Mover
Implied volatility in the options on Jazz Pharmaceuticals (JAZZ) is moving higher amid active trading in the options on the biotech. The stock dropped $1.12 to $55.32 on light volume of 235K shares and no news. However, options volume in JAZZ is running 8X the daily average. 2,100 calls and 2,450 puts traded in the name. Most of the activity is in the April 50 puts and April 60 calls, which both traded roughly 2100 contracts. Meanwhile, 30-day implied volatility in the options on the stock jumped 31 percent to 39.5.
Volume Signals
Halcon Resources (HK) options volume is running 9X the (22-day) average, with 54,000 contracts traded and call volume accounting for 94 percent of the volume.
Santander (SAN) options volume is 4.5X, the average daily, with 35,000 contracts traded and put option volume representing 91 percent of the activity.
SuperValu (SVU) options volume is running 3X the average daily, with 16,000 contracts traded and put volume accounting for 82 percent of the activity.
Increasing options activity is also being seen in Cardinal Health (CAH), RedHat (RHT), and RF Micro Devices (RFMD).
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