Implied Volatility Mover
Implied volatility in the options on TripAdvisor (TRIP) is moving higher, as the stock sees relative strength and increased options activity Wednesday. TRIP is up $1.79 to $49.47 on increasing volume of 2.7 million shares. Meanwhile, options volume is running 3X the daily average. Nearly 9,000 calls and 2,500 puts traded on the stock so far. March 55, April 55, and March 50 calls are the most actives and 30-day implied volatility in TRIP options is moving up 25 percent to 35.5.
Volume Signals
SPDR Oil and Production ETF (XOP) options volume is running 2.5X the (22-day) average, with 56,000 contracts traded and put volume accounting for 56 percent of the volume.
MGIC (MTG) options volume is 4.5X, the average daily, with 56,000 contracts traded and put volume representing 97 percent of the activity.
Staples (SPLS) options volume is running 4X the average daily, with 30,000 contracts traded and call volume accounting for 75 percent of the activity.
Increasing options activity is also being seen in Suntech Power (STP), Qihoo 360 Tech (QIHU), and Alexia Pharmaceuticals (ALXA).
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