Unusual Options Activity Update: SYY, ZNGA, SWI, DLPH, DRYS, PBY, PBI
Implied Volatility Mover
Sysco Systems (SYY) implied volatility is moving lower after earnings were reported. Shares are down $1.57 to $29.33 and options volume is running 2.5X the daily average of the news. 5,740 puts and 3,760 calls traded so far. The top trades are lots of February 30 and 31 puts traded on the bid. Some players are possibly selling puts and exiting trades, as the contracts are in-the-money and expiring in 11 days. The same contract saw opening activity Friday ahead of the report. Bearish flow in SYY was highlighted in Friday's closing report. Implied volatility in the options on the stock is down 19 percent to 17 since that time.
Volume Signals
Zynga (ZNGA)options volume is running 2.5X the (22-day) average, with 44,000 contracts traded and call activity accounting for 67 percent of the volume.
Solar Winds (SWI) options volume is 27.5X the daily average, with 30,000 contracts traded and put volume representing 86 percent of the activity.
Delphi Automotive (DLPH) options volume is running 15.5X the average daily, with 29,000 contracts traded and call volume representing 99 percent of the total volume.
Increasing options activity is also being seen in Dryships (DRYS), Encana (PBY), and Pitney Bowes (PBI).
-------------------------------------------------------------------------------------------
Disclaimers
This article is provided for informational purposes only. No statementin this article should be construed as a recommendation to buy or sell asecurity or to provide investment advice. The content provided has beenobtained from sources deemed reliable but is not guaranteed as toaccuracy and completeness. optionsXpress makes every effort to providetimely information to its recipients but cannot guarantee specificdelivery times due to factors beyond our control.
Derivatives involve substantial risk and are not appropriate for all investors. Please read the "Disclosure Statement for Futures and Options" prior to investing in futures or options.
"
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.
View Joseph Cusick's post archive >
