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Option Clips: SouFun Holdings, Lions Gate, and Maxwell Technologies

Reviewing notable options activity on SouFun Holdings Ltd, Lions Gate Entertainment Corp. (USA), and Maxwell Technologies Inc.

by 3/5/2014 1:04 PM
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Three equities generating buzz on StockTwits today are Chinese real estate website SouFun Holdings Ltd (NYSE:SFUN), media mogul Lions Gate Entertainment Corp. (USA) (NYSE:LGF), and energy storage provider Maxwell Technologies Inc. (NASDAQ:MXWL). Here's a look at how traders have been aligning their speculative bets today.

  • SouFun Holdings Ltd (NYSE:SFUN) has rocketed 12.8% higher to $94.71 -- just a chip shot from its record peak of $95.39 -- on no particular news. The shares have more than tripled over the past year, and options traders today are clamoring for SFUN contracts, especially on the call side. So far, roughly 8,500 calls have changed hands -- about five times the norm, and more than five times the number of SFUN puts exchanged. Speculators are gambling on all-time highs for the stock in the near term, buying to open the March 95 call, where nearly 1,600 contracts have traded. At last check, SFUN's 30-day at-the-money (ATM) implied volatility (IV) is up 6.4% at 59.6%.

  • Lions Gate Entertainment Corp. (USA) (NYSE:LGF) is also in the black on no obvious news, tacking on 6.3% at $31.70. The shares are on pace to end atop their 10-day and 20-day moving averages for the first time since Feb. 18, and short-term options are flying off the shelves, as evidenced by the stock's 30-day ATM IV of 38.7% -- a 5.7% spike from yesterday's close. Calls are the options of choice, with close to 10,000 contracts exchanged -- five times the average intraday pace. Digging deeper, bulls have honed in on the now in-the-money March 30 call, where more than 3,900 contracts have crossed the tape, primarily at the ask price. Plus, IV is trending higher, and volume has outstripped open interest at the front-month strike, hinting at freshly purchased positions.

  • Thanks to a sector-wide rally, Maxwell Technologies Inc. (NASDAQ:MXWL) notched a near-two-year high of $15.30 earlier today, and is now sitting on a healthy lead of 18.7% at $14.52. What's more, the equity's 30-day ATM IV has skyrocketed 41.9% to 78.3%, with MXWL calls trading at 27 times the normal pace. More specifically, bullish option buyers have set their sights on the 15 strike, picking up calls in the March and April series.


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