Implied Volatility Mover and Volume Signals for Monday, January 14, 2013
Implied Volatility Mover
Implied volatility in the options on Constellation Brands (STZ) is moving higher today. The stock, which was down on earnings on 1/9, is off 21 cents to $35.42 this morning and options volume is 10X the daily average. 81,000 calls and 3,560 puts traded on the alcoholic beverage company so far. February 37.5 and 42.5 calls have both traded more than 30,000X and spread trading is driving the high volume. Meanwhile, 30-day implied volatility in STZ options is up 25 percent to 44.5.
Volume Signals
Constellation Brands (STZ) options volume is running 8.5X the (22-day) average, with 74,000 contracts traded and call volume accounting for 95 percent of the volume.
Sears Holdings (SHLD) options volume is 9X, the average daily, with 72,000 contracts traded and call volume representing 96 percent of the activity.
Groupon (GRPN) options volume is running 2.5X the average daily, with 40,000 contracts traded and call volume accounting for 80 percent of the activity.
Increasing options activity is also being seen in CBS, Dollar General (DG), and Pulte Group (PHM).
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