Implied Volatility Movers And Unusual Volume Movers - SINA, MTG, BLK, FNSR, TQNT, TIF
Implied Volatility Movers
Sina.com (SINA) shares are under pressure and implied volatility in the options on the stock is up today on talk Muddy Waters Research was set to issue a negative report on the company. The stock fell on the chatter, but then rebounded midday after Muddy Waters denied the speculation. Still, SINA is down $2.87 to $60.28 and options volume is running 3X the daily average. 8,000 calls and 45,000 puts traded on the stock so far. Meanwhile, implied volatility in the options on the Chinese Internet company is up 17 percent to 97, as players react to the volatility in the underlying shares Monday.
Unusual Volume Movers
Sina.com (SINA) options volume is running 3X the (22-day) average, with 61,000 contracts traded and put activity accounting for 72 percent of the volume.
MGIC (MTG) options volume is 4X the average daily, with 43,000 contracts traded and call volume representing 99 percent of the activity.
Blackstone (BLK) options volume is running 15X the average daily, with 19,000 contracts traded and put volume representing 96 percent of the total volume.
Increasing options activity is also being seen in Finisar (FNSR), Triquint Semi (TQNT), and Tiffany (TIF).
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