Unusual Options Activity Update: AMLN, QCOM, GMCR, SD, EA, V, MA
Implied Volatility Mover
Implied volatility in Amylin Pharmaceuticals (AMLN) remains elevated, as shares continue their recent surge. The stock is up $1.20 to $16.73 and has rallied 45 percent this week after the FDA approved the companyís diabetes drug. Options on the stock have been actively traded this week as well. 27,000 calls and 5,670 puts traded in the name so far today. Meanwhile, implied volatility is moving up 14 percent to 75 and new 52-week highs, heading into a Feb 6 earnings release.
Volume Signals
Qualcomm (QCOM) options volume is running 2.5X the (22-day) average, with 130,000 contracts traded and call activity accounting for 65 percent of the volume.
Green Mountain Coffee Roasters (GMCR) options volume is 3X the daily average, with 123,000 contracts traded and put volume representing 51 percent of the activity.
Sandridge Energy (SD) options volume is running 7.5X the average daily, with 106,000 contracts traded and call volume representing 89 percent of the total volume.
Increasing options activity 1s also being seen in Electronic Arts (EA), Visa (V) and Mastercard (MA).
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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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