Implied Volatility Mover
Implied volatility in Regions Financial (RF) is moving higher amid increasing call activity on the Birmingham, AL regional bank today. Shares are up 5 cents to $7.20 and options volume is running 7.5X the daily average. 21,000 calls and 3,000 puts traded in RF so far. The flow is concentrated in October 7 calls, where volume is approaching 20,000 contracts. It’s not clear what is motivating the activity, but implied volatility in RF options is moving up 19 percent to 36.
Volume Signals
Deckers Outdoors (DECK) options volume is running 3X the (22-day) average, with 28,000 contracts traded and call volume accounting for 86 percent of the volume.
Regions Financial (RF) options volume is 7.5, the average daily, with 24,000 contracts traded and call volume representing for 87 percent of the activity..
Coca Cola Enterprises (CCE) options volume is running 7.5X the average daily, with 16,000 contracts traded and call volume accounting for 100 percent of the activity.
Increasing options activity is also being seen in Safeway (SWY), Murphy Oil (MUR) and Accenture (ACN).
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