Implied Volatility Mover
Implied volatility in options on Apple Computer (AAPL) is down sharply in the wake of the company’s earnings report. Apple reported results after the closing bell yesterday and also announced other plans, including a dividend increase and a larger stock buyback. The stock is down $5.25 to $400.88 and attempting to hold the $400 amid a flurry of activity in the options market. 344,000 calls and 239,000 puts so far. At-the-money Weekly 400 puts and calls that expire on 4/26 are among the most actives in Apple Wednesday. Meanwhile, 30-day implied volatility in AAPL options is seeing considerable post-earnings crush — down 30 percent to 30.
Volume Signals
Corning (GLW) options volume is running 10.5X the (22-day) average, with 96,000 contracts traded and call volume accounting for 86 percent of the volume.
Juniper Networks (JNPR) options volume is 5X, the average daily, with 40,000 contracts traded and put option volume representing 73 percent of the activity.
Elan (ELN) options volume is running 4.5X the average daily, with 37,000 contracts traded and call volume accounting 99 percent of the activity.
Increasing options activity is also being seen in Yum Brands (YUM), Broadcom (BRCM), and JDS Uniphase (JDSU).
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