Implied Volatility Mover
Implied volatility in the options on Cyberonics (CYBX) is moving higher Wednesday. The stock is down $4.29 to $43.81 in active trading of 2.9 million shares, but with no company headlines to explain the volatility in the Houston, TX medical instruments company. On the options front, 9,065 puts and 250 calls traded in CYBX so far. July 40 and 45 puts are the most actives, being driven by spread trading, and implied volatility in the options on the stock is up 27 percent to 55.5.
Volume Signals
IBM options volume is running 3X the (22-day) average, with 111,000 contracts traded and call volume accounting for 65 percent of the volume.
O Reilly Automotive (ORLY) options volume is 46X, the average daily, with 80,000 contracts traded and call volume representing 85 percent of the activity.
SPDR Oil and Production Fund (XOP) options volume is running 10X the average daily, with 65,000 contracts traded and put volume accounting for 98 percent of the activity.
Increasing options activity is also being seen in CREE, Safeway (SWY), and Melco Crown Entertainment (MPEL).
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