Implied Volatility Mover
Implied volatility in options on TEVA is moving higher amid active trading on the options on the pharmaceutical company. The stock is up 93 cents to $38.73 on increasing volume of 4.5 million shares. Meanwhile, about 6,170 calls and 2,000 puts traded in TEVA so far today. May 40 calls, which are 3.3 percent out-of-the-money and expiring in two weeks, are the most active. 3,190 contracts traded. Jun and Sep 40 calls are the next most actives and 30-day implied volatility in TEVA is up 16 percent to 18.
Volume Signals
AIG options volume is running 2X the (22-day) average, with 164,000 contracts traded and call volume accounting for 76 percent of the volume.
LinkedIn (LNKD) options volume is 2X, the average daily, with 75,000 contracts traded and call option volume representing 60 percent of the activity.
Gilead Sciences (GILD) options volume is running 2X the average daily, with 62,000 contracts traded and call volume accounting 72 percent of the activity.
Increasing options activity is also being seen in Viacom (VIAB), Weatherford (WFT), and SPDR Technology Fund (XLK).
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