Midday Unusual Options Activity Update - MFC, GENZ, NVDA, AKAM, V, CTXS, XLP
Posted on 7/29/2010 in Unusual Activity by Joseph Cusick
Implied Volatility Movers
While MetLife (MET) and Prudential (PRU) are seeing active trading on news NY Attorney General Cuomo is investigating the two companies, ManuLife (MFC) is seeing interest as well. It's not clear if the activity is related to the Cuomo story, but options volume in MFC is running 18X normal, with 11,000 puts and 345 calls traded so far. Meanwhile, implied volatility has jumped about 23 percent to 42.5.
Unusual Volume
Genzyme (GENZ) options volume is running 5X the usual, with 82,000 contracts traded and call volume accounting for about 65 percent of the activity.
Nvidia (NVDA) options activity is running 2X the usual, with 72,000 contracts traded and call volume representing 63 percent of the volume.
Akamai (AKAM) options volume is running 5X the usual, with 63,000 traded and call volume representing 66 percent of the activity.
Unusual volume is also being seen in Visa (V), Citrix Systems (CTXS), and Consumer Staples Sector ETF (XLP).
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