Actionable Options for Thursday, May 29

Actionable Options for Thursday, May 29

 

Actionable Options for Thursday, May 29

Options having increasing call volume and implied volatility: RSH CLF SFLY

Options having increasing put volume and implied volatility: TSN DPS ANN

Apple (AAPL) is recently $5.64 to $629.76 after acquiring Beats Music and Beats Electronics for $3B, several analysts raised price targets on shares. Apple June weekly option implied volatility is at 22, July is at 19, October is at 21; compared to its 26-week average of 22.

Hillshire Brands (HSH) is recently up $7.45 to $52.26 after Tyson Foods (TSN) offers to acquire the company for $50 per share in cash, topping the $45 per share bid recently made by Pilgrim's Pride (PPC). June option implied volatility is at 30, July is at 23, August is at 20; compared to its 26-week average of 25.

Costco Wholesale Corp (COST) is recently down 10c to $114.14 after reporting Q3 EPS of $1.07, $0.02 worse than the analyst estimate of $1.09. Revenue for the quarter came in at $25B versus the consensus estimate of $25B. June weekly option implied volatility is at 14, June is at 13, July is at 11, and October is at 12; compared to its 26-week average of 17.