Stock Market Morning Movers: eBay, F5 Networks, Sara Lee Corp

EBAY - eBay, Inc. - Shares of the online marketplace are trading more than 4% lower this morning to $23.94 despite the fact that the firm’s third-quarter earnings of 38 cents per share exceeded analyst expectations by a penny. Bearish movement in the price of shares today is likely due to disappointing forecasts by the company for the fourth-quarter. Option implied volatility dissipated following earnings, falling 24.40% to 22.08% as of 10:10 am (EDT). Meanwhile, option traders exchanged upwards of 60,000 contracts within the first 40 minutes of the trading session.

FFIV - F5 Networks, Inc. - Shares of the telecommunications equipment company are soaring 14.25% higher to $47.41 following yesterday’s positive earnings report. Earnings per share rose to 36 cents from the previous year’s 29 cents, while fourth-quarter revenue jumped 11% over the prior year to $175.1 million. Option traders are taking fresh positions in both calls and puts on the stock this morning. Volatility fell to 34% from 46.5% at the start of this week.

SLE - Sara Lee Corp. - A chunk of call options traded at the out-of-the-money November 12.5 strike amid a 0.7% rally in shares to $11.54. Investors may be positioning for a continued rally in the cake-maker. The spike in option implied volatility on SLE this morning points to greater uncertainty in the price of the stock going forward. Volatility surged 20% to 41.97% from an opening reading of 34.87%.

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