Midday Unusual Options Activity Update - AEO, CRM, S, AKAM, GLW, ARUB, ANN
Implied Volatility Movers
American Eagle (AEO) shares are down in sympathy with apparel retailer Aeropostale, which sank more than 15 percent on earnings news. AEO, which releases its results next week, is down $1.01 to $13.61. Options volume in American Eagle is 4X the average daily. 12,000 puts and 3,600 calls traded in the name so far. June 13 and 14 puts are the most actives. Meanwhile, implied volatility is up 15 percent to 46.5.
Unusual Volume
Salesforce.com (CRM) options volume is running 6X the (22-day) average, with 115,000 contracts traded and call volume accounting for about 66 percent of trades.
Sprint Nextel (S) options volume is 3X the average daily, with 99,000 contracts traded and call volume representing for 91 percent of the activity.
Akamai (AKAM) options volume is running 2.5X the average daily, with 71,000 contracts traded and put volume accounting for 52 percent of the activity.
Increasing options activity is also being seen in Corning (GLW), Aruba Networks (ARUB), and Ann Taylor (ANN).
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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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