Unusual Options Activity Update: P, F, FCX, MU, KFT, P, EWJ
Implied Volatility Mover
Implied volatility in the options on Pandora (P) is moving up, as shares fall on reports Apple (AAPL) might launch a service to compete with the Internet radio company. The stock is down 18.8 percent to $10.20 on heavy volume of 13 million shares. 25,000 calls and 34,000 puts traded on the stock, which is 3.5X the daily average for Pandora. December 8 and September 9 puts are the most actives and implied volatility in the options on the stock moved up 23 percent to 71.
Ford Motor (F) options volume is running 2X the (22-day) average, with 146,000 contracts traded and call volume accounting for 85 percent of the volume.
Freeport McMoran (FCX) options volume is 2X, the average daily, with 125,000 contracts traded and call volume representing for 67 percent of the activity.
Micron Technology (MU) options volume is running 3X the average daily, with 69,000 contracts traded and put volume accounting for 74 percent of the activity.
Increasing options activity is also being seen in Kraft Foods (KFT), Pandora (P), and iShares Japan Fund (EWJ).
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