With equities now up more than 8% from lows touched last week, options
volatility continues to slide. The CBOE Market Volatility Index (VIX) was
recently off nearly 6% to 34.24 on Monday – keep in mind the VIX surged above
47 exactly a week ago. However, levels remain elevated from the index's 50-day
moving average of 22.45. The put/call ratio was recently at 0.99, below its
50-day moving average of 1.05. Here are a few notable options movers on Monday:
Avnet (NYSE: AVT ): The company's Aug 29 calls were catching attention, with
3,020 contracts trading vs. open interest of 5,170. Implied volatility has been
pushed up about 5 points to 47%. The company posted earnings late last week, and
its stock has risen 8.2% in the past five days to $28.36. Linn Energy (NASDAQ:
LINE ) Its Sep 37 puts have 1,240 contracts vs. open interest of 570, boosting
implied volatility up 3 points to about 37%. The company reported earnings on
July 28 and has fallen nearly 4% since then to $38.18. Mylan (NYSE: MYL ) Its
Sep 27 puts are active, pushing implied volatility down around 3 points to 45%.
The stock was recently up 1.4% to $19.51. MEMC Electronic Materials (NYSE: WFR
): The company's Sep 7 puts have 1,490 contracts trading vs. open interest of
400, lowering implied volatility around 5 points to 62%. The stock was recently
4.1% higher to $6.80.
No comments:
Post a Comment