Unusual Options Activity Update: CLNE, ORCL, YOKU, WDC, PHM, DVN, STI
Implied Volatility Mover
Options action is picking up in Clean Energy Fuels (CLNE) ahead of earnings. The company reports today after the closing bell. The stock, which is up 90 percent since earnings were last released, notched new 52-week highs today, but gave up early gains and is down a nickel to $20.72. Meanwhile, 5,510 calls and 4,435 puts traded on the stock and levels of implied volatility rose 12 percent to 65.5. CLNE sometimes sees large daily swings around earnings. The average daily post-earnings move in the previous four quarters is about 6.5 percent.
Volume Signals
Oracle (ORCL) options volume is running 3X the (22-day) average, with 99,000 contracts traded and call volume accounting for 52 percent of the volume.
Youku.com (YOKU) options volume is 4X the average daily, with 32,000 contracts traded and put volume representing for 56 percent of the activity.
Western Digital (WDC) options volume is running 3X the average daily, with 30,000 contracts traded and call volume accounting for 84 percent of the activity.
Increasing options activity is also being seen in Pulte Group (PHM), Devon Energy (DVN), and Suntrust (STI).
------------------------------------------------------------------------------------
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 >
