Midday Unusual Options Activity Update: ITUB, ATVI, HTZ, ETN, ABT, ALL, WAG

Implied Volatility Mover
Implied volatility in the options on Itau Unibanco (ITUB) is moving up amid relative weakness in shares of the San Paulo-bank today. ITUB is off $1 to $15.79 on volume of 12.3 million, which is more than double the typical volume for midday action. 3,670 puts and 1,700 calls traded on the stock. October 16 puts, which are now 21 cents in-the-money, are seeing the bulk of the flow. 3,130 traded and implied volatility in ITUB options is up 18.5 percent to 32.5.

Volume Signals
Activision Blizzard (ATVI) options volume is running 17.5X the (22-day) average, with 64,000 contracts traded and call volume accounting for 75 percent of the volume.

Hertz (HTZ) options volume is 5.5X, the average daily, with 31,000 contracts traded and put volume representing for 65 percent of the activity.

Eaton (ETN) options volume is running 10.5X the average daily, with 25,000 contracts traded and put volume accounting for 69 percent of the activity.

Increasing options activity is also being seen in Abbott Labs (ABT), Allstate (ALL), and Walgreen (WAG).

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