Implied Volatility Mover
Implied volatility in the options on Repros Therapeutics (RPRS) is up sharply, as shares of The Woodlands, TX biotechnology company take a hit Monday. The company updated guidance for one of its pipeline drugs and shares fell $4.79 to $13.82 in heavy trading of 3.9 million on the news. By way of comparison, average daily volume is about 320,000 shares. Meanwhile, 20,000 calls and 22,000 puts, which is 7.5X the daily average. March and May 17.5 puts are the most actives and implied volatility in RPRX options surged 104.5 percent to 74.
Volume Signals
Kerx Biopharmaceuticals (KERX) options volume is running 7X the (22-day) average, with 46,000 contracts traded and call volume accounting for 56 percent of the volume.
International Paper (IP) options volume is 5.5X, the average daily, with 45,000 contracts traded and call volume representing 93 percent of the activity.
Waste Management (WM) options volume is running 9X the average daily, with 25,000 contracts traded and call volume accounting for 75 percent of the activity.
Increasing options activity is also being seen in Electronic Arts (EA), Cigna (CI), and Staples (SPLS).
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