Implied Volatility Mover and Volume Signals for Tuesday, January 15, 2013
Implied Volatility Mover
Implied volatility in the options on Kinross Gold (KGC) is moving higher amid active trading in the options on the gold miner today. Shares are up 24 cents to $9.68 and options volume is running 10X the daily average. 52,000 calls and 3,020 puts traded on the stock so far. The flow is heavily concentrated in the Feb 9 calls on KGC, which are 68 cents in-the-money and expiring in 31 days. 34,209 traded against 1,694 in open interest. February 10 calls on the stock are seeing brisk trading as well and 30-day implied volatility in KGC options is up 15 percent to 41.5.
Volume Signals
DELL options volume is running 5.5X the (22-day) average, with 134,000 contracts traded and call volume accounting for 63 percent of the volume.
SPDR Basic Materials Fund (XLB) options volume is 4X, the average daily, with 62,000 contracts traded and put volume representing 99 percent of the activity.
SPDR Industrials Fund (XLI) options volume is running 3.5X the average daily, with 58,000 contracts traded and put volume accounting for 98 percent of the activity.
Increasing options activity is also being seen in Big Lots (BIG), TJX, and Lennar (LEN).
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