Midday Unusual Options Activity Update - AMGN, BBY, WMB, AIG, WHR, MNKD
Implied Volatility Movers
Amgen (AMGN) implied volatility is falling after the company reported positive results from a clinical trial of a prostate cancer drug. Shares hit a morning high of $57.22 and were recently up $2.43 to $56.54. Options volume jumped to 4X the average daily. 70,000 calls and 30,000 puts traded in the biotech. Implied volatility has plummeted 29 percent to about 25 percent.
Best Buy (BBY) options volume is running 9X the usual, with 170,000 contracts traded and call volume accounting for 56 percent of the activity, according to data from website WhatsTrading.com.
William's Companies (WMB) options activity is running 4X the usual, with 106,000 contracts traded and call volume representing 99 percent of the volume.
Amgen (AMGN) options volume is 3.5X the typical levels, with 89,000 contracts traded and call volume accounting for 69 percent of the activity.
Increasing volume is also being seen in AIG, Whirlpool (WHR), and MannKind (MNKD).
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