Fossil Group (FOSL), the maker and retailer of watches and related accessories, jumped 19% in Monday’s trading, more than it’s gained in the past four weeks.
The bullish price surprise comes in the absence of any news stories that could explain yesterday’s big move -- FOSL’s share volume was 2.72 million, three times its 30-day average, while its options volume was 3.4 times the 30-day average. It was enough to give FOSL the sixth-highest standard deviation at 3.66, which means volatility is ramping up. If you’ve made a speculative bet on FOSL, that’s a very good thing.
