Stock Market Movers: Nvidia, Blue Coat Systems, The Clorox Company

CLX - The Clorox Company - Option implied volatility on the maker of household and consumer products jumped 8.31% to 21.69% amid increased demand for call options on the stock and a 0.5% rally in shares to $59.83. The firm reported a 23% increase in first-quarter net income on Monday and raised its full-year profit outlook. The supplier of bleach said profits were lifted by increased sales of disinfectant wipes to stave off the H1N1 flu virus. Investors exchanged more than 2,500 calls at the December 65 strike within the first 45 minutes of the trading session.

BCSI - Blue Coat Systems, Inc. - Early morning put activity pushed the supplier of proxy appliances onto our ‘hot by options volume’ market scanner. Shares are slightly off by 1% to $25.02. BCSI announced plans yesterday to cut approximately 10% of its staff as part of a new restructuring plan. Blue Coat also revealed it will acquire S7 Software Solutions - a software R&D firm based in Bangalore, India - for approximately $5.25 million in case. Implied volatility edged up from 54% to the current reading of 57%.

NVDA - NVIDIA Corp. - Third-quarter earnings of 19 cents per share for the semiconductor company beat street estimates by about 9 cents and sent shares up more than 6% to $13.04. Option implied volatility contracted 22.22% to 41.78% following earnings. Investor exchanged more than 8 call options to each put contract in play on the stock. Upwards of 27,300 option contracts changed hands on NVDA by 10:30 am (EDT).

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