International Game Tech Options/Stock Passes Average Volume in First Hour (IGT)

247admin — Fri, 27 Jun 2008 14:56:48 +0000

International Game Technology (NYSE: IGT) has already seen more than its average daily volume trade in the first hour of trading today. This stock is down a sharp 8.3% at $25.03 at 10:52 AM EST on more than 5.2 million shares. The culprit is a Morgan Stanley downgrade where the cut was from Overweight to Equal-Weight. This will also mark another 52-week low. We have also seen 1,175 of the IGT JULY08 $25.00 PUTS trade today, which is more than the entire open interest of 1,146 contracts based upon prior levels.

52-week range: $27.18 to $49.41

Avg. Volume: 4.14 million shares

OPTIONS: YES

Jon Ogg

June 27, 2008

PUT Options Spike: International Game Technology (IGT)

247admin — Fri, 13 Jun 2008 19:44:43 +0000

International Game Technology (NYSE: IGT) is rarely one of the more active stocks out there in trading volume, and you almost never get any real activity in the trading of the stock options. So why is there a sudden flurry of PUT OPTION trading today?

Below is the trading we saw in the IGT options today, along with the open interest:
OPTIONS               Volume    OpInt
JUNE08 $30 PUTS 3,660       946
JULY08 $30 PUTS 12,723     15,277
OCT08 $30 PUTS 1,533       9,890
JAN09 $25 PUTS 3,541        1,078
JAN09 $30 PUTS 2,986        1,116

The share volume doesn’t coincide or at least doesn’t give any insight. At 3:45 PM EST we have seen only 3.65 million shares trade with shares up 2.8% at $31.23.

Average Daily Volume: 4.04 million shares
52-Week Range: $29.97 to $49.41
Market Cap: $9.7 Billion

Jon Ogg
June 13, 2008

Volume Spike Investor » IGT

International Game Tech Options/Stock Passes Average Volume in First Hour (IGT)

PUT Options Spike: International Game Technology (IGT)