Midday Unusual Options Activity Update - EGLE, ERTS, BRCM, NOK, TWX, TGT, WFR
Implied Volatility Movers
Eagle Bulk Shipping (EGLE) options are active and implied volatility is higher amid increasing levels of call activity. Shares are trading up 17 cents to $4.31 and trying to rebound from a 15-percent nosedive suffered over three days, from January 20 top January 24. Meanwhile, options volume is running 8X the average daily, with 17,000 call sand only 155 puts traded on the shipping company. Meanwhile, implied volatility is up 40 percent to 45.
Unusual Volume
Electronic Arts (ERTS) options volume is running 6X the average daily, with 443,000 contracts traded and call volume accounting for 78 percent of the volume, according to data from WhatsTrading.com.
Broadcom (BRCM) options volume is 4X the average daily, with 62,000 contracts traded and call volume representing for 58 percent of the activity.
Nokia (NOK) options volume is running 3X the average daily, with 57,000 contracts traded and put volume accounting for 54 percent of the activity.
Increasing options activity is also being seen in Time Warner (TWX), Target (TGT), and MEMC (WFR).
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About Joseph Cusick
Joseph Cusick currently serves as the Senior Vice President of Education and a Senior Market Analyst for optionsXpress. Mr. Cusick seeks out common sense and technologically scalable educational pathways for self-directed investors of all experience levels. He is largely responsible for ramping up delivery of online and offline seminars to customers and potential clients worldwide. Prior to serving in his current role, Mr. Cusick immersed himself in the broker side of optionsXpress by managing his own book of business. Prior to joining optionsXpress, Mr. Cusick served as a market maker and portfolio manager at the Chicago Board of Options Exchange. Joseph is a graduate of Marquette University and holds his Series 4, 7 and 63 registrations with FINRA.
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