The Options Insider - Your Inside Source for Options Information

Midday Unusual Options Activity Update - PLX, TIVO, WMG, LTBR, HPQ, BRCD, HNZ, SEED, XLV, BGP, STLD, HOT, MYL

Implied Volatility Movers

Protalix Pharmaceuticals (PLX) implied volatility is up amid active call buying Tuesday. Shares are up 53 cents to $10.30 and 2,780 calls traded, which represents 4X the normal activity, according to data from WhatsTrading.com. The increased call activity has implied volatility rallying up to 114.80, from less than 100 the day before.

Implied volatility is also higher in TIVO, Warner Music Group (WMG), and Lightbridge (LTBR). Meanwhile, implied volatility is lower in H-P (HPQ), Brocade (BRCD), and Heinz (HNZ).

ADVERTISEMENTS

Unusual Volume   

Origin Agritech (SEED) options volume is running 17X the usual. 60,000 contracts traded and call volume accounts for 62 percent of today's volume.

Options activity in Select Sector Healthcare (XLV) rose to 3X the usual, with 29,000 traded and call volume representing about 98 percent of the activity.

Borders Group (BGP) options activity is running 150X the usual. 15,000 contracts traded and call volume accounting for all of the day's activity.

Increasing volume was also seen in Steel Dynamics (STLD), Starwood Hotels (HOT), and Mylan Labs (MYL).

---------------------------------------------------------------------------------

Disclaimers
This article is provided for informational purposes only. No statement in this article should be construed as a recommendation to buy or sell a security or to provide investment advice. The content provided has been obtained from sources deemed reliable but is not guaranteed as to accuracy and completeness. optionsXpress makes every effort to provide timely information to its recipients but cannot guarantee specific delivery times due to factors beyond our control.

Derivatives involve substantial risk and are not appropriate for all investors. Please read the "Disclosure Statement for Futures and Options" prior to investing in futures or options.

For investments using a straddle or strangle options strategy the potential loss is unlimited. Multi-leg option strategies are subject to multiple commissions. Profits may be eroded by the commission expended to open and close the positions and other risks apply.