Midday Unusual Options Activity Update - TOL, PHM, CTX, XHB, MSFT, AMZN, IBKR, WFC, USU, COF, BRCM
Implied Volatility Movers
Toll Brothers (TOL) implied volatility is higher. Like PHM and CTX, volume in the homebuilder is running much more than usual, with 23,000 puts and 7,400 calls traded so far. Meanwhiel, implied volatility is up to 49.5, from about 42.5 yesterday.
Implied volatility is also higher in Pulte Homes (PHM), Centex (CTX), and the SPDR Homebuilders Trust (XHB). Meanwhile, implied volatility is lower in Microsoft (MSFT), Amazon.com (AMZN), and Interactive Brokers (IBKR).
Unusual Volume
Microsoft (MSFT) options volume is running 2X the usual. 123,000 contracts traded and call volume accounting for 54 percent of today's volume.
Options activity in Amazon.com (AMZN) rose to 2X the usual, with 123,000 traded and put volume representing about 61 percent of the activity.
Wells Fargo (WFC) options activity is running 2X the usual. 345,000 contracts traded and put volume accounting for about 77 percent of the activity.
Increasing volume was also seen in Usec (USU), Capital One (COF), and Broadcom (BRCM).
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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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