Implied Volatility Mover
Implied volatility in the options on Tibco Software (TIBX) is moving up, as shares of the software-maker slide $2.95 to $29.33. The stock is under pressure today following an analyst downgrade. Trading is very active, with 6.3 million TIBX shares changing hands so far. 18,000 puts and 8,700 calls also traded in the name, or 11X the daily average. Sep 27, 29, 30 and 31 puts are the most actives. Average implied volatility in Tibco options is moving up 27 percent to 53.
Volume Signals
AIG options volume is running 3.5X the (22-day) average, with 171,000 contracts traded and call volume accounting for 65 percent of the volume.
Cheniere Energy (LNG) options volume is 3X, the average daily, with 44,000 contracts traded and call volume representing for 98 percent of the activity.
Kinross Gold (KGC) options volume is running 2X the average daily, with 33,000 contracts traded and call volume accounting for 50 percent of the activity.
Increasing options activity is also being seen in Western Digital (WDC), Tibco Software (TIBX), and Viacom (VIAB).
—————————————————————————
Disclaimers
This article is provided for informational purposes only. No statement in this article should be construed as a recommendation to buy or sell a security or to provide investment advice. The content provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. optionsXpress makes every effort to provide timely information to its recipients but cannot guarantee specific delivery times due to factors beyond our control.
Derivatives involve substantial risk and are not appropriate for all investors. Please read the “”Disclosure Statement for Futures and Options”” prior to investing in futures or options.
For investments using a straddle or strangle options strategy the potential loss is unlimited. Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.