The Options Insider

Unusual Options Activity Update: YUM, COH, MET, LGF, LEN, XRX, AVP

by | Apr 23, 2013 | Unusual Activity

Implied Volatility Mover
Implied volatility in options on Yum Brands (YUM) is moving higher amid active trading in put options on the stock ahead of earnings. The company is due to report after the closing bell today. The stock is down $1.56 to $63.70 in active trading of 4.4 million shares ahead of the news. Meanwhile, about 15,000 puts and 5,500 calls traded on Yum Brands so far. May 62.5, Weekly 60, May 65 and May 67.5 puts are the most actives and implied volatility in the options on the stock is up 7.5 percent to 32.

 

Volume Signals
Coach (COH) options volume is running 3X the (22-day) average, with 34,000 contracts traded and call volume accounting for 60 percent of the volume.

Met Life (MET) options volume is 2.5X, the average daily, with 24,000 contracts traded and call option volume representing 81 percent of the activity.

Lion Gate Entertainment (LGF) options volume is running 7X the average daily, with 24,000 contracts traded and put volume accounting 94 percent of the activity.

Increasing options activity is also being seen in Lennar (LEN), Xerox (XRX), and Avon Products (AVP).

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