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Active Options: SodaStream International Ltd and DuPont

Reviewing notable options activity on SodaStream International Ltd and E I Du Pont De Nemours And Co

by 6/27/2014 1:40 PM
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Two names seeing notable option activity today are at-home beverage concern SodaStream International Ltd (NASDAQ:SODA) and diversified science and technology giant E I Du Pont De Nemours And Co (NYSE:DD). Here's a look at how today's option traders have been placing their bets on this duo.

  • SodaStream International Ltd (NASDAQ:SODA) is down 2.4% at $33.54, and touched a new two-year low of $33 earlier in the session. What's more, options traders are rolling the dice on even steeper losses for the stock, which has already surrendered more than 10% in June. The equity's 30-day at-the-money (ATM) implied volatility (IV) has popped 8% to 43.5%, reflecting a growing demand for short-term contracts, and intraday put volume is running at eight times the typical pace. In fact, it looks like bears are buying to open the August 30 and 32.50 puts, which have each seen IV jump by double-digit percentage points. The puts will move into the money if SODA breaches the respective strikes -- and hits lower lows -- within the options' lifetime.

  • Finally, E I Du Pont De Nemours And Co (NYSE:DD) -- better known as DuPont -- has surrendered 4.7% to $64.50, due to the blue chip's lackluster earnings guidance. DD's short-term options remain popular; the stock's 30-day ATM IV was last seen 6.7% higher at 16.4%. Overall options volume is running at six times the norm, with some speculators seemingly selling to open the October 72.50 call -- the most active option thus far. By writing the calls to open, the sellers expect DD to remain south of $72.50 -- territory not charted in more than 14 years -- through October options expiration. If the calls expire worthless, the sellers can retain the entire net credit, which represents the maximum potential reward. If DD bounces back and topples the strike, however, the sellers' losses will add up.


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