Fushi International, Inc. (FSIN)

[MWM]

Implied volatility in the options on Fushi Copperworld (FSIN) is moving up sharply today, as shares fall 88 cents to $6.69 on heavy volume of 1.5 million shares. Typical share volume in the name through midday is less than 200,000. It's not clear what is driving the action, as there are no headlines on the Beijing-based electrical equipment (copper wires) company. But options on the stock are seeing heavy trading as well. 9,660 puts and 3,290 calls so far and levels of implied volatility jumped 44 percent to 150.