Implied Volatility Mover
Implied volatility in the options on LinkedIn (LNKD) is increasing, as shares of the social media company notch new 52-week highs today. The stock is up $9.93 to $167.76 in active trading of 2.7 million shares on positive broker commentary. Trading in the options on the stock is brisk as well. 22,000 calls and 15,000 puts so far. Weekly 170 calls, 160 puts, and 165 calls (expiring 3/1) are the most actives in LNKD and 30-day implied volatility in the options on the stock moved up 10 percent to 35.5.
Volume Signals
Radian (RDN) options volume is running 5X the (22-day) average, with 34,000 contracts traded and put volume accounting for 51 percent of the volume.
MetroPCS (PCS) options volume is 2.5X, the average daily, with 34,000 contracts traded and call volume representing 96 percent of the activity.
Target (TGT) options volume is running 2X the average daily, with 32,000 contracts traded and put volume accounting for 79 percent of the activity.
Increasing options activity is also being seen in James River Coal (JRCC), Dollar Tree (DLTR), and NRG.
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