Midday Unusual Options Activity Update - RVBD, COP, SLE, VMED, XRX, HOT, MAR
Implied volatility movers and unusual volume movers for midday 7/14/2011
Implied Volatility Movers
Riverbed Technologies (RVBD) sees relative weakness and higher implied volatility today. Shares of the San Francisco, CA networking and communication device maker are down 2.9 percent to $38.73. Meanwhile, 9,045 calls and 8,650 puts traded in the name. Typical volume through midday is about 5,000 contracts. Players are possibly taking position in anticipation of earnings. The company is due to release results on July 19. Implied volatility in RVBD options is moving up 15.5 percent to 59 ahead of the results.
Unusual Volume Movers
Conoco Phillips (COP) options volume is running 5.5X the (22-day) average, with 89,000 contracts traded and put activity accounting for 55 percent of the volume.
Sara Lee (SLE) options volume is 7.5X the average daily, with 76,000 contracts traded and call volume representing 66 percent of the activity.
Virgin Media (VMED) options volume is running 15X the average daily, with 35,000 contracts traded and call volume representing 99 percent of the total volume.
Increasing options activity is also being seen in Xerox (XRX), Starwood Hotels (HOT), and Marriott (MAR).
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