Implied Volatility Mover
Implied volatility in the options on Nustar Energy (NS) is moving higher amid increased options activity in the San Antonio, TX oil and gas company. The stock is down 6.7 percent to $47.11 on heavy volume of more than 1 million shares (typical volume is about 165K) after getting whacked with an analyst downgrade. Meanwhile, options volume in NS is running 13X the daily average. 5,560 calls and 2,655 puts so far. March 50 calls and 45 puts are the most actives and implied volatility in the options on the stock jumped 58 percent to 28.
Volume Signals
CME options volume is running 10X the (22-day) average, with 45,000 contracts traded and call volume accounting for 52 percent of the volume
MGIC (MTG) options volume is 3.5X, the average daily, with 27,000 contracts traded and call volume representing 83 percent of the activity.
Huntsman (HUN) options volume is running 3X the average daily, with 17,000 contracts traded and call volume accounting for 96 percent of the activity.
Increasing options activity is also being seen in Hecla Mining (HL), GlaxoSmithKline (GSK), and Yamana Gold (AUY).
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