Implied Volatility Mover
Implied volatility in the options on Focus Media (FMCN) is moving up amid increasing put volume on the stock. Shares are down 46 cents to $24. Meanwhile, 20,000 puts and 1,300 calls traded on the Chinese media company. January 15 puts are the most actives. 5,000 contracts traded. November 21, November 23, and April 20 puts are the next most actives and 30-day implied volatility is moving up 41 percent to 46. No news to explain the activity. Earnings are due out mid-November.
Volume Signals
Sprint Nextel (S) options volume is running 2X the (22-day) average, with 215,000 contracts traded and call volume accounting for 73 percent of the volume.
Wells Fargo (WFC) options volume is 2X, the average daily, with 148,000 contracts traded and call volume representing for 62 percent of the activity.
AMD options volume is running 3.5X the average daily, with 65,000 contracts traded and call volume accounting for 58 percent of the activity.
Increasing options activity is also being seen in Clearwire (CLWR), TJX, and Focus Media (FMCN).
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