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Intel Corp. : Option traders drove the semiconductor chip-maker to the forefront of our 'most active by option volume' market scanner today.
8. "The Information in Option Volume for Future Stock Prices" (with Allen Poteshman), Review of Financial Studies, volume 19, pages 871--908, 2006.
Shares at Goldcorp are higher by 6.6% at $38.51 while option volume is also active.
But otherwise, the week in option volume belonged to Chinese tickers.
The USB powered 'phones have a built-in microphone, noise canceling option, volume control and vibration switch.
Gone are the days of the single blow-dry option: volume at the crown and sleek, shiny strands from root to tip.
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Option traders pushed ARNA to the top of our 'hot by options volume' market scanner this morning by trading in the April and July contracts.
Stock and options volume in U.S. Surgical surged on Friday as its shares closed up $2.3125 at $39.25.
Quantitatively, about 13%—roughly one out of eight of all deals in our sample exhibit statistically significant abnormal options volume in the pre-announcement period.
Despite a plethora of robustness checks, we find that abnormal options volume is the only measure of informed trading that positively and robustly predicts abnormal announcement returns.
The odds of abnormal options volume being greater in a propensity-matched control sample, i.e., a sample of firms with similar company characteristics and a high likelihood of being divested, are approximately one in 4,000.
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