Implied Volatility Mover
Implied volatility in the options on Tyson Foods (TSN) is moving higher, as the stock falls on cautious commentary from the poultry company at an Agribusiness conference Tuesday. TSN is off $1.40 to $21.86 on increasing volume of 7.3 million shares. Meanwhile, 1,835 calls and 2,840 puts traded in the name. The flow is scattered across a number of different strikes. June 25 calls, April 20 puts, and January 22 puts are the most actives and 30-day implied volatility in the options on the stock was up 16 percent to 30.
Volume Signals
Home Depot (HD) options volume is running 4X the (22-day) average, with 73,000 contracts traded and put volume accounting for 56 percent of the volume.
MetroPCS (PCS) options volume is 2.5X, the average daily, with 36,000 contracts traded and call volume representing 100 percent of the activity.
Radian (RDN) options volume is running 4X the average daily, with 20,000 contracts traded and call volume accounting for 54 percent of the activity.
Increasing options activity is also being seen in Avago Tech (AVGO), Clearwire (CLWR), and Autodesk (ADSK).
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