Implied Volatility Mover
Implied volatility in the options on Medifast (MED) is moving higher, as shares of the Owings Mills, MD retailer move lower Wednesday. The stock is down 12 percent to $25.83 on reports the company’s CFO has resigned. On the options front, 3,800 puts and 120 calls traded on the stock, which is 7X the daily average. May 21 and January 24 puts are the most actives. Meanwhile, implied volatility in MED options is moving up 45 percent to 69.
Volume Signals
Huntsman (HUN) options volume is running 22.5X the (22-day) average, with 29,000 contracts traded and call volume accounting for 100 percent of the volume.
Medifast (MED) options volume is 4X, the average daily, with 5,150 contracts traded and put volume representing 93 percent of the activity.
ON Semiconductor (ONNN) options volume is running 2X the average daily, with 4,440 contracts traded and call volume accounting for 100 percent of the activity.
Increasing options activity is also being seen in Rite Aid (RAD), Clorox (CLX), and Hospira (HSP).
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