Midday Unusual Options Activity Update - ABK, ORCL, EXPE, RMBS, MT, KR, WFC, AXP, BA, HUN, ABK, ZMH, NKE
Implied Volatility Movers
Implied volatility jumped in Ambak Financial (ABK). Shares of the mortgage insurance company are up 6 cents to $1.08 and heavy trading in ABK calls moved implied vols to 180, from about 130 the day before.
Implied volatility is also higher in Oracle (ORCL), Expedia (EXPE), and Rambus (RMBS). Meanwhile, implied volatility is lower in Mittal (MT), Kroger (KR), and Wells Fargo (WFC).
Unusual Volume Movers
American Express (AXP) options volume is running 2X the usual. 66,000 contracts traded and put volume accounting for 79 percent of today's volume.
Options activity in Boeing (BA) rose to 3X the usual, with 56,000 traded and put volume representing about 53 percent of the activity.
Huntsman (HUN) options activity is running 6X the usual. 49,000 contracts traded and call volume accounting for 75 percent of the activity.
Increasing volume was also seen in Ambak Financial (ABK), Zimmer Holding (ZMH), and Nike (NKE).
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About Frederic Ruffy
Frederic Ruffy is a Freelance Writer and Options Trading Strategist. In addition to writing market commentary and trading-related books and articles, Fred has also worked as an instructor, educating investors on advanced topics like measuring volatility, the benefits of sector rotation and the risks and potential profits from trading around earnings. His market observations are mentioned frequently in the financial press and he currently trades stocks, futures, and options in Salt Lake City, Utah.
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