Is AutoZone's Implied Volatility Rolling Over?

Tags: AZO
26 Nov 4:16am
Posted by SchaeffersResearch
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Implied volatility for AutoZone Inc. (AZO: sentiment, chart, options) has risen sharply during the past several weeks. In fact, the stock's Schaeffer's Implied Volatility Index (SVI) has bounced from a near-term low of 21% on Oct. 16 to Tuesday's reading of 29%. However, this reading has slipped from Monday's perch at 30%, hinting that the SVI may have reached a near-term peak. For comparison, AZO's one-month historical volatility currently rests at 20.65%. Checking in w...
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In-the-Money Call Traders Capture Dividends on Mattel, Inc. (MAT)

Tags: MAT
26 Nov 1:18am
Posted by SchaeffersResearch
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Mattel, Inc. (MAT: sentiment, chart, options) was a popular target in the options arena on Tuesday, as investors scooped up calls to cash in on the toymaker's dividend. More specifically, option players simultaneously bought shares of the stock and sold in-the-money covered calls. On the firm's ex-dividend date (today), the traders can capture the dividend without suffering a dip in the stock price by buying (to close) their call positions and selling the stock. The ...
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Bullish Brokerage Note Triggers Call Trading on Carnival Corporation (CCL)

Tags: CCL
26 Nov 12:16am
Posted by SchaeffersResearch
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Carnival Corporation (CCL: sentiment, chart, options) was bombarded by call speculators on Tuesday, after the cruise guru received a bullish brokerage note at Wedbush Morgan. During the course of the session, the security saw 9,835 calls cross the tape nearly seven times its average daily volume of fewer than 1,500 contracts. Most of the traders appear to have been initiating bullish positions in the January 2010 series of options. More specifically, the January 35 cal...
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Sequenom, Inc. (SQNM) Rumors Fuel Rally, Spark Call Trading

Tags: SQNM
25 Nov 11:39pm
Posted by SchaeffersResearch
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Shares of Sequenom, Inc. (SQNM: sentiment, chart, options) skyrocketed on Tuesday, as investors speculated that the diagnostics company will soon release positive data regarding its prenatal Down syndrome test. As a result, call volume on the equity exploded to more than 12 times the norm, as the stock saw roughly 26,250 calls change hands, compared to its average single-session volume of fewer than 2,200 contracts. Most popular was the equity's now at-the-money Decembe...
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Traders Liquidate Positions on General Electric (GE)

Tags: GE
25 Nov 9:57pm
Posted by SchaeffersResearch
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The shares of General Electric (GE: sentiment, chart, options) were the center of some heavy option liquidation on Tuesday. Overall, more than 297,200 contracts crossed the tape, which is double the equity's average daily trading volume of 148,424 contracts, according to data from WhatsTrading.com. In addition, 82.5% of the volume changed hands on the call side. Digging into the action in the front three months of options, we find that the December 15 call shed 4,000 posit...
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SchaeffersResearch

Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.

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