Implied Volatility Mover
EBIX.com (EBIX) is under pressure today and implied volatility in the options on the stock is moving higher on a cautious article on Seeking Alpha. The stock is down $2.72 to $16.35 on volume of more than 1 million shares. By way of comparison, typical volume in EBIX through midday is less than 200K. Meanwhile, 5,300 puts and 1,100 calls traded on the stock. Jan 22, Apr 17 and Mar 15 puts are the most actives and 30-day implied volatility is up 57 percent to 83.5.
Volume Signals
Williams Companies (WMB) options volume is running 2X the (22-day) average, with 36,000 contracts traded and call volume accounting for 83 percent of the volume.
Genworth (GNW) options volume is 2.5X, the average daily, with 26,000 contracts traded and call volume representing 54 percent of the activity.
Office Depot (ODP) options volume is running 3X the average daily, with 21,000 contracts traded and call volume accounting for 99 percent of the activity.
Increasing options activity is also being seen in Crocs (CROX), MGIC Investment Corp (MTG), and Toll Brothers (TOL).
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