Implied Volatility Mover
Implied volatility in the options on silicon wafer-maker MEMC (WFR) is moving higher amid active trading in the options on the stock. WFR is up 44 cents to $5.85 in brisk trading of 8.1 million shares and options volume is running 3X the daily average. About 12,000 calls and 2,000 puts traded so far, a ratio of six-to-one. May 5.5 calls are the most actives. 6,560 traded. May and June 6 calls are seeing interest as well and implied volatility in WFR options is up 15 percent to 67.5. There are no immediate headlines in the stock to explain the relative strength and increased volume.
Volume Signals
Trina Solar (TSL) options volume is running 13.5X the (22-day) average, with 49,000 contracts traded and put volume accounting for 94 percent of the volume.
Moly Corp (MCP) options volume is 2X, the average daily, with 45,000 contracts traded and call option volume representing 74 percent of the activity.
Kinross Gold (KGC) options volume is running 3X the average daily, with 37,000 contracts traded and call volume accounting 98 percent of the activity.
Increasing options activity is also being seen in Sony (SNE), Anally Capital (NLY), and Sun Power Tech (SPWR).
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