Midday Unusual Options Activity Update - ACAD, WDC, MAS, RF, VZ, GLW, AET, DRYS, HIG, XHB, MYL, WYNN
Implied Volatility Movers
Acadia Pharmaceuticals (ACAD) implied volatility is elevated. Shares are up 45 percent, which adds to a 40 percent gain Friday. Trading is brisk and implied volatility is moving up to 190, from about 175 late Friday.
Implied volatility is also higher in Western Digital (WDC), Masco (MAS), and Regions Financial (RF). Meanwhile, implied volatility is lower in Verizon (VZ), Corning (GLW), and Aetna (AET).
Unusual Volume
Dryships (DRYS) options volume is running 4X the usual. 70,000 contracts traded and call volume accounting for 93 percent of today's volume.
Options activity in Hartford (HIG) rose to 2X the usual, with 51,000 traded and put volume representing about 48 percent of the activity.
Select Sector Homebuilders (XHB) options activity is running 3X the usual. 46,000 contracts traded and call volume accounting for about 67 percent of the activity.
Increasing volume was also seen in Mylan Labs (MYL), Aetna (AET), and Wynn Resorts (WYNN).
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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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