Autodesk (ADSK) options volume is running 2X the average daily ahead of a presentation tomorrow (2:10 ET) at a Needham & Co. 12th Annual Growth Conference. Shares are off 18 cents to $26.07 and April 26 puts are the most actives. 8367 traded (81 percent Ask) vs. 6921 in open interest. Another 2424 Jan 25 puts traded (83 percent Ask). Some of the action might be closing, as ADSK saw heavy opening put writing on Jan 8. Nevertheless, implied vols are up to 26, +5 on the week, ahead of tomorrow’s event risk.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.