Actionable Options for December 6, 2013

Actionable Options for December 6, 2013

 

Actionable Options for Friday December 6

Options with increasing call volume and implied volatility: M AUXL SHLD CIEN

Options with increasing put volume and implied volatility: GERN AEO SHLD

American Eagle (AEO), down $1.37 to $15.02 after the teen-retailer reported in line results for its Q3 with Q4 EPS guidance below consensus of 39 cents. December call option implied volatility is at 29, January is at 35, February is at 33; compared to its 26-week average of 34.

Intel (INTC), up 74c to $25 after the chip maker was upgraded to Buy from Neutral; with a $28 price target at Citigroup. Citi cited increasing evidence that corporate PC demand has stabilized and believes Intel's guidance for 2014 is sufficiently conservative. Intel December call option implied volatility is at 17, January and February is at 20; compared to its 26-week average of 22.

Ulta Salon (ULTA), down $24.83 to $93.17 after the beauty products retailer warned of soft trends and likely high promotions during the holiday season. December call option implied volatility is at 47, January is at 35, March is at 39; compared to its 26-week average of 38.

Big Lots (BIG), down $4.92 to $32.21 after reporting earnings and giving guidance that missed estimates, while also announcing that it will exit its Canadian operations during its Q1. December call option implied volatility is at 28, January is at 34, April is at 29; compared to its 26-week average of 31.