Wednesday, November 3, 2010

National Semi (NSM) - Calls Bid and Skew Bends

NSM is trading $13.54, up small with IV30™ up 8.7%. The LIVEVOL™ Pro Summary is below.


For a limited time we are offering a FREE real-time trial to Livevol Pro™ for non-professional traders. You can get your trial by following the directions here: Click for Free Trial Offer

The company has traded over 10,879 options on total daily average option volume of just 2,309. Calls have traded on a 35:1 ratio to puts with the front month 13, 14, 15 calls trading ~ 8,000x. The Stats Tab and Day's biggest trades snapshots are included (below).

The Options Tab (below) illustrates that the calls have traded less than OI so it's hard to tell if they are opening. The vol reaction makes me feel like it's a purchase.

The Skew Tab snap (below) illustrates the vols by strike by month.

We can see that the front month upside is bid, vol is higher to the calls.

Finally, the Charts Tab (6 months) is below. The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20™ - blue vs HV180™ - pink).

We can see the stock has steadily climbed of late and the IV30™ has now passed the HV20™ and HV180™. Feels like more spec in the takeover mill.

This is trade analysis, not a recommendation.

Follow Live Trades and Order Flow on Twitter: @Livevol_Pro

Legal Stuff:


  1. Just a side note and question - VXX down 5%, VIX - 8% - does it influence all volatilities for all SP500 stocks? Just wondering...

  2. It's an amalgamation, so some can certainly be up.