Implied Volatility Mover
Tesla (TSLA). Wow! The stock is up $6.36 to $75.6 on surging volume of 14.7 million shares and has now rallied 36 percent since earnings were reported after the closing bell Wednesday. Shares of the electric vehicle-maker are notching record highs and options on the stock are seeing brisk trading as well. 84,000 calls and 65,000 puts so far, being led by Weekly 80 calls, May 75 calls, and May 80 calls. Meanwhile, 30-day implied volatility in TSLA options is up 15.5 percent on the day, and elevated at 90.
Volume Signals
Micron Tech (MU) options volume is running 2.5X the (22-day) average, with 1-5,000 contracts traded and call volume accounting for 59 percent of the volume.
Tesla Motors (TSLA) options volume is 3X, the average daily, with 147,000 contracts traded and call option volume representing 57 percent of the activity.
Priceline (PCLN) options volume is running 2.5X the average daily, with 23,000 contracts traded and call volume accounting 54 percent of the activity.
Increasing options activity is also being seen in Trina Solar (TSL), Flotek (FTK), and Molycorp (MCP).
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