Unusual Options Activity 4/25

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Implied Volatility Mover


Boeing (BA) is up $2.84 to $76.05 in active trading of 4.5 million shares and is the best gainer in the Dow Jones Industrial Average Wednesday after the company reported better-than-expected first quarter earnings and revenues. Shares are rallying and options on the stock are actively traded. 20,000 calls and 15,000 puts traded on Boeing so far, which is 2.5X the daily average. Meanwhile, levels of implied volatility in BA options is down 20.5 percent to 18.5 and moving back towards the 52-week lows of 16.5 set in mid-March.

 

Volume Signals


Corning (GLW) options volume is running 7X the (22-day) average, with 115,000 contracts traded and call volume accounting for 93 percent of the volume.

Eli Lilly (LLY) options volume is 3.5X the average daily, with 53,000 contracts traded and call volume representing for 69 percent of the activity.

Juniper Networks (JNPR) options volume is running 2.5X the average daily, with 51,000 contracts traded and call volume accounting for 81 percent of the activity.

Increasing options activity is also being seen in Xerox (XRX), Gap Stores (GPS), and Boeing (BA).

 

Bullish Option Flows / Percentage of Out of the Money Calls Bought On Ask:

Fairchild Semiconductor (FCS) 90% (2.5K OTM calls bought)

Corning (GLW) 80%

Emulex (ELX) 70%

LSI Corp (LSI) 68%

Arch Coal (ACI) 62%

Riverbed (RVBD) 46% (5K OTM calls bought today possibly following Juniper (JNPR))

Bearish Option Flows / Percentage of Out of the Money Puts Bought On Ask:

Interpublic (IPG) 99%

Radian (RDN) 93% (4600 puts bought on the offer)

NII Holdings (NIHD) 75%

Standard Pacific (SPF) 69%

Teva Pharma (TEVA) 36%

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