Hewlett Packard (HPQ) options remain actively traded, the day after shares tumbled 8 percent on news its CEO is stepping down amid sexual harassment allegations. HPQ is up 7 cents to $42.66 and options volume is running 3X the average daily, with 76K calls and 37K puts traded so far. Much of the activity has been in smaller lots. The top trade is an Aug – Sep 43 call spread at 75 cents, 2000X on PHLX and might be a bet that shares will hold around these levels over the next ten days before moving higher into the Sep expiration. Aug 43 calls are the most actives. 18.6K traded (57 percent bid). Meanwhile, overall implied volatility is down 12.5 percent to 27, on diminishing concerns over Friday’s news.