Midday Unusual Options Activity Update: VVUS, LNG, DNDN, PHM, SNE, UTX
Implied Volatility Mover
Levels of implied volatility in Vivus Pharmaceuticals (VVUS) options is moving higher amid heavy trading in options on the stock. Shares surged 77.5 percent Thursday after an FDA panel issued a positive review of the companyís obesity drug. VVUS is up $2.61 to $24.74 today and has more than doubled during the past week. Todayís options volume on the stock is 65,000 calls and 24,000 puts. Typical volume through midday is 20,000 contracts. March 24, March 25, and April 30 calls are the most actives and implied volatility moved up 15.5 percent to 109.
Volume Signals
Vivus Pharmaceuticals (VVUS) options volume is running 2X the (22-day) average, with 75,000 contracts traded and call activity accounting for 75 percent of the volume.
Cheniere Energy (LNG) options volume is 2.5X the daily average, with 73,000 contracts traded and put volume representing 75 percent of the activity.
Dendron (DNDN) options volume is running 2.5X the average daily, with 67,000 contracts traded and call volume representing 67 percent of the total volume.
Increasing options activity is also being seen in Pulte Homes (PHM), Sony (SNE), and United Technologies (UTX).
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