Unusual Options Activity Update: RIMM, EWH, NKEMT, COH, ACN

Implied Volatility Mover
Implied volatility in the options on Research in Motion (RIMM) is down sharply after the Blackberry-maker reported earnings after the closing bell yesterday. Shares are up 68 cents to $7.82 in heavy trading of more than 78 million shares after beating on earnings and revenues. The company also said it expects to launch Blackberry 10 during the first quarter of next year. Options volume in RIM is approaching 200,000 contracts. 131,000 calls and 65,000 puts so far and implied volatility in RIM options is down 29.5 percent to 67.

Volume Signals
iShares Hong Kong Fund (EWH) options volume is running 350X the (22-day) average, with 224,000 contracts traded and call volume accounting for 50 percent of the volume.

Research In Motion (RIMM) options volume is 3X, the average daily, with 178,000 contracts traded and call volume representing for 67 percent of the activity.

Nike (NKE) options volume is running 2X the average daily, with 51,000 contracts traded and put volume accounting for 53 percent of the activity.

Increasing options activity is also being seen in Mittal Steel (MT), Coach (COH), and Accenture (ACN).

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.