J.C. Penney-JCP is recently up 17.4% following Apple’s (AAPL) retail chief, Ron Johnson being named CEO of JCP. June 35 and July 36 calls are active. July call option implied volatility is at 42; above a level of 37 from this morning and its six-month average of 36.
E-Commerce China Dangdang (DANG) is recently up 21% after trading at a post IPO low. July 13 and 15 calls are active on call option implied volatility of 87; above its 23-week average of 67. Elevated call volume and volatility prices suggest larger price movement.
Ford (F) is recently up 3% after trading at a nine-month low. Traders are active in upside July and August 15 calls on low volatility of 29.
CBOE Volatility Index-VIX is recenlty down 8.4% to 17.96; below its 10-day moving average of 18.39 and 50-day moving average of 16.93 with 25K August 17 calls trading.