Midday Unusual Options Activity Update - AAPL, PFE, CAT, UTX, CECO, CCJ, EWZ, BSX, STT, VMED, USB
Implied Volatility Movers
Apple Computer (AAPL) implied volatility is sliding after the company reported a 47 percent increase in profits on strong iPhone sales. Shares gained 5 percent to $199.50 and average implied volatility in AAPL fell from 36.5 to 26.5, a new 52-week low.
Implied volatility is also lower in Pfizer (PFE), Caterpillar (CAT), and United Technology (UTX). Meanwhile, implied volatility is higher in Career Education (CECO), Cameco (CCJ), and the iShares Brazil Fund (EWZ).
Apple Computer (AAPL) options volume is running 2X the usual. 411,000 contracts traded and call volume accounts for 57 percent of today's volume.
Options activity in Pfizer (PFE) rose to 2X the usual, with 199,000 traded and call volume representing about 65 percent of the activity.
Boston Scientific (BSX) options activity is running 7X the usual. 51,000 contracts traded and call volume accounting for about 65 percent of the activity.
Increasing volume was also seen in State Street (STT), Virgin Media (VMED), and USB.
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