Open Text (OTEX, news, chart) is seeing three times normal trading volume on active buying of the September 35/30 strangle. More than 1,200 (2,500 total) have traded. The action is happening as a number of orders of 150 contracts or less hit offerside. The increasing buying interest seems to be driving up implied volatility in those contracts (+10.5 percent to 78.4 percent) ahead of an earnings report expected on August 19. No other news on OTEX today.