Implied Volatility Mover
Implied volatility in the options on rare earth materials producer Molycorp (MCP) is moving higher amid active trading in the options. The stock is down 7 cents to $6.17 and falling to 52-week lows on heavy turnover of 10.9 million shares after the company announced a delay to its earnings release and earnings call. 46,000 options traded in the name, evenly split between puts and calls. March 6 puts and 7 calls are the most actives and implied volatility is up 11.5 percent to 87.
Volume Signals
JC Penney (JCP) options volume is running 2.5X the (22-day) average with 139,000 contracts traded and put volume accounting for 64 percent of the volume.
Groupon (GRPN) options volume is 3X the average daily with 102,000 contracts traded and call volume representing 52 percent of the activity.
Molycorp (MCP) options volume is running 2X the average daily with 38,000 contracts traded and put volume accounting for 51 percent of the activity.
Increasing options activity is also being seen in Pandora (P), Sears Holdings (SHLD), and Texas Instruments (TXN).
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