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Midday Unusual Options Activity Update - AIG, JAVA, STI, RCL, AMX, GME

Implied Volatility Movers

AIG is down $4.10 to $29.10 and implied volatility is up to 110, from about 82 Friday, after an analyst warned of possible losses at its P&C insurance unit.




Unusual Volume
   
AIG options volume is running 2X the usual. 163,000 contracts traded and put volume accounts for 68 percent of today's volume.

Options activity in Sun Micro (JAVA) rose to 2X the usual, with 76,000 traded and put volume representing about 95 percent of the activity.

Suntrust (STI) options activity is running 3X the usual. 50,000 contracts traded and put volume accounting for about 88 percent of the day's activity.

Increasing volume was also seen in Royal Caribbean (RCL), American Movil (AMX), and Gamestop (GME).

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