Implied Volatility Movers
Implied volatility in the options on Tiffany (TIF), Nike (NKE), Micron Technology (MU) and Tibco Software (TIBX) is moving lower. All four companies released earnings since the closing bell yesterday. TIBX is the only loser in the group ? falling $3.65 to $19.52 in heavy trading of 10.5 million shares. 2,300 calls and 6,070 puts traded in the name and implied volatility is down 33 percent to 35. Meanwhile, TIF is up $1.91 to $69.82 and options volume is 8,500 calls/11,000 puts. Implied volatility dropped 32 percent to 22.5. Nike shares gained $6.42 to $60.02 and more than 50,000 NKE options traded (28K calls and 23K puts). IV in the options dropped 30 percent to 20. Lastly, Micron Tech (MU) rallied 99 cents to $10.06. 52,000 calls and 17,000 puts traded on the chipmaker. Implied volatility in MU is also seeing post-earnings crush, down 24 percent to 40.

 

Volume Signals
Nike (NKE) options volume is running 2.5X the (22-day) average, with 22,000 contracts traded and call volume accounting for 99 percent of the volume.

Eldorado Gold (EGO) options volume is 14X, the average daily, with 38,000 contracts traded and calls volume representing 95 percent of the activity.

Tiffany (TIF) options volume is running 3X the average daily, with 22,000 contracts traded and put volume accounting for 61 percent of the activity.

Increasing options activity is also being seen in Pepsico (PEP), Arm Holdings (ARMH), and St. Jude Medical (STJ).

 

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