Implied Volatility Mover
Implied volatility in the options on Devry (DV) is down sharply, as shares of the for-profit education company move higher on earnings news today. The stock is up $5.59 to $31.71 in heavy trading of 2.7 million shares. 9,275 puts and 2,135 calls traded on the stock, which is 15X the daily average. March 30 puts are the most actives and might be seeing some premium selling, as 4,740 traded and 91 percent of the flow has been on the bid. Implied volatility in the options on the stock dropped 35 percent to 42.
Volume Signals
Akamai (AKAM) options volume is running 4.5X the (22-day) average, with 30,000 contracts traded and call volume accounting for 53 percent of the volume.
Gap Stores (GPS) options volume is 4X, the average daily, with 28,000 contracts traded and call volume representing 77 percent of the activity.
Marathon Petroleum (MPC) options volume is running 2.5X the average daily, with 22,000 contracts traded and call volume accounting for 99 percent of the activity.
Increasing options activity is also being seen in Devry (DV), McGraw Hills (MHP), and Star Scientific (STSI).
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