Midday Unusual Options Activity Update - NYX, LOW, BSX, FMCN, EXPE, AVP
Implied Volatility Movers
NYSE Euronext (NYX) implied volatility is moving higher on news NASDAQ OMX Group and the Intercontinental Exchange (ICE) have pulled their joint bid for the exchange. NYX shares tumbled 10.8 percent to $36.50 on the news. 18,000 calls and 16,000 puts traded in the name. May 37 and December 34 puts are the most actives. Implied volatility in NYX options is moving up 18 percent to 16, compared to a 52-week high and low of 55 and 19.
Unusual Volume
Lowe's (LOW) options volume is running 3.5X the (22-day) average, with 47,000 contracts traded and call volume accounting for about 58 percent of trades..
Boston Scientific (BSX) options volume is 5X the average daily, with 46,000 contracts traded and put volume representing for 80 percent of the activity.
NYSE Euronext (NYX) options volume is running 4X the average daily, with 34,000 contracts traded and call volume accounting for 53 percent of the activity.
Increasing options activity is also being seen in Focus Media (FMCN), Expedia (EXPE), and Avon Products (AVP).
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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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