Midday Unusual Options Activity Update: ALGN, PCS, HCA, LCC, CX, DLPH, MON

Options Unusual Activity

Midday Unusual Options Activity Update: ALGN, PCS, HCA, LCC, CX, DLPH, MON

Posted October 3rd, 2012 by The Options Insider in Unusual Activity

Implied Volatility Mover
Implied volatility in the options on Align Technology (ALGN) is moving higher amid increasing activity in the puts on the Santa Clara, CA medical instruments company. The stock isn't doing much, up just 6 cents to $38.22 on volume of 490,000 shares. Yet options volume is 7X the daily average. About 9,800 pu9ts and 290 calls traded in ALGN today. October 31 and 39 puts are the most actives in the name and 30-day implied volatility in the options on the stock is moving up 34 percent to 62.

Volume Signals
MetroPCS (PCS) options volume is running 25X the (22-day) average, with 97,000 contracts traded and call volume accounting for 52 percent of the volume.

HCA options volume is 18X, the average daily, with 60,000 contracts traded and put volume representing for 79 percent of the activity.

US Airways (LCC) options volume is running 3.5X the average daily, with 35,000 contracts traded and put volume accounting for 75 percent of the activity.

Increasing options activity is also being seen in Cemex (CX), Delphi Automotive (DLPH), and Monsanto (MON).

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