With stocks slipping below the break-even level on Wednesday following the
winning streak in stocks being stopped at three on Tuesday, the recent slide in
options volatility has slowed has crept back into the picture. The CBOE Market
Volatility Index, the VIX, was recently down 0.9% to 32.55 – still well-above
the rapidly rising 50-day moving average of 22.98. The CBOE put/call ratio was
at 1.45. Here are a few of Wednesday's notable options movers: Aeropostale
(NYSE: ARO ): Its Aug 13 calls are catching attention ahead of the company's
earnings report on Thursday. Implied volume has moved up to 138%. The stock was
recently up a few pennies to $12.53. Alacatel-Lucent (NYSE: ALU ) The
company's Sep 4 calls have traded 26,000 contracts vs. open interest of
22,500. Implied volume has moved up to 89% from 78% on Tuesday. The stock was
recently off 7 cents to $3.71. Finish Line (NASDAQ: FINL ) Its Nov 22.5 calls
and Nov 25 calls have caught a bid with the stock off 5% on Wednesday to $18.20.
Implied volatility has jumped to about 68% from 58% on Tuesday. Utilities Select
Sector SPDR (NYSE: XLU ): Aug 33 puts in the exchange-traded fund have 7,710
contracts traded vs. open interest of 5,010. Implied volatility has moved up to
22% from 18%.
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