Unusual Options Activity Update: LGF, DAL, CNX, AEO, BID, LGF, TIBX

Posted May 29th, 2012 by Joseph Cusick in Unusual Activity

Implied Volatility Mover And Volume Signals For 5/29/2012

Implied Volatility Mover
Implied volatility in the options on Lionsgate Entertainment (LGF) is moving higher amid active trading in the options on the Santa Monica, CA movie production company ahead of earnings. Lionsgate reports tomorrow after the closing bell. The stock is down 28 cents to $12.71 today in active trading of 1.6 million shares (typical volume through midday is about 1 million). Meanwhile, 8,440 calls and 7,110 puts traded on the stock which is 3.5X the daily average. June $12 puts and calls are the most actives and levels of implied volatility in LGF options moved up 20 percent to 55.

Volume Signals
Delta Airlines (DAL) options volume is running 6X the (22-day) average, with 57,000 contracts traded and put volume accounting for 68 percent of the volume.

Console Energy (CNX) options volume is 3X the average daily, with 54,000 contracts traded and put volume representing for 65 percent of the activity.

American Eagle Outfitters (AEO) options volume is running 3X the average daily, with 27,000 contracts traded and call volume accounting for 97 percent of the activity.

Increasing options activity is also being seen in Sotheby's (BID), Lionsgate Entertainment (LGF), and Tibco Software (TIBX).

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About Joseph Cusick

Joseph Cusick currently serves as the Senior Vice President of Education and a Senior Market Analyst for optionsXpress. Mr. Cusick seeks out common sense and technologically scalable educational pathways for self-directed investors of all experience levels. He is largely responsible for ramping up delivery of online and offline seminars to customers and potential clients worldwide. Prior to serving in his current role, Mr. Cusick immersed himself in the broker side of optionsXpress by managing his own book of business. Prior to joining optionsXpress, Mr. Cusick served as a market maker and portfolio manager at the Chicago Board of Options Exchange. Joseph is a graduate of Marquette University and holds his Series 4, 7 and 63 registrations with FINRA.

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