Implied Volatility Mover and Volume Signals for Tuesday, January 8, 2013
Implied Volatility Mover
Implied volatility in the options on Constellation Brands (STZ) is moving higher ahead of earnings. Shares are down $1.40 to $35.01 and options volume on the Victor, NY alcoholic beverage company is running 4X the daily average. 12,000 puts and 1,390 calls so far. February 30 and 32.5 puts are the most actives and 30-day implied volatility is up 24.5 percent to 53. The company is due to report before the bell tomorrow morning.
Volume Signals
Monsanto (MON) options volume is running 4X the (22-day) average, with 34,000 contracts traded and put volume accounting for 54 percent of the volume.
Yum Brands (YUM) options volume is 5X, the average daily, with 31,000 contracts traded and call volume representing 70 percent of the activity.
Celgene (CELG) options volume is running 4X the average daily, with 28,000 contracts traded and call volume accounting for 51 percent of the activity.
Increasing options activity is also being seen in AOL, Tiffany (TIF), and Fusion io (FIO).
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