ING is under pressure and implied volatility in the options on the Amsterdam-based bank is moving higher Wednesday. Shares are down $1.11 to $7.50 and the top options trade is a 351-lot of Nov 9 calls on the five-cent bid, which might be a liquidating trade. 1,099 contracts have changed hands against 1,281 in open interest. Dec 8 puts are the next most actives. 1,052 traded (100 percent Ask) against 52 contracts in open interest. Meanwhile, implied volatility in the options on ING is up 28 percent to 91.5, amid worries about the European debt problems after borrowing costs in Italy jumped Wednesday. Yield on Italy’s 10-year breached the critical 7 percent level.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

SuccessFactors (SFSF) is presenting today at a Wells Fargo Tech, Media, and Telecom conference and shares are up 33 cents to $27.48 today. Meanwhile, options volume is running 2.5X the daily average, being led by March 26 put buyers. 7,046 traded against 10 contracts in open interest. The flow includes multi-exchange sweeps at the offer between $3.50 and $3.60 per contract. Sentiment data is consistent with opening customer buyers and implied volatility in SFSF options is up 6 percent to 50, as some players don’t seem convinced that today’s gains will hold. Shares fell to a 52-week low of $19.52 and have been grinding 40.8 percent higher since that time.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Wells Fargo (WFC) loses 76 cents to $25.77 and $2.99 is collected on WFC Apr 26 puts, 12300X on ISE. Data indicate an opening sale in a customer account. 13000 total. Implied volatility in Wells Fargo options is up 18 percent to 42.5 today, compared to a 52-week high and low of 79 (8/8) and 21 (4/26).