Options Update: Radian (RDN) & MGIC Investment (MTG)
RDN Volatility Low As Shares Rally On EPS
Radian is recently up $1.88 to $5.55.
Earlier today, RDN reported Q2 EPS of $2.82, above the consensus of $1.58, on revenues of $577.4M, besting the consensus estimate of $471.78M. RDN is a provider of mortgage insurance products and services.
RDN call option volume of 5,087 contracts compares to put volume of 861 contracts.
RDN August option implied volatility is at 115, September is at 102. This is below its 26-week average of 120, suggesting decreasing price movement.
MGIC Investment (MTG)
MTG Volatility Low As Shares Rally14%
MGIC Investment is recently up $1.02 to $8.17. MTG provides private mortgage insurance in the U.S. to the home mortgage lending industry.
MTG August option implied volatility is at 105, September is at 98. This is below its 26-week average of 125, suggesting decreasing price risk.
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