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Actionable Options for Wednesday January 8

Actionable Options for Wednesday January 8

 

Actionable Options for Wednesday January 8

Options with increasing call volume and implied volatility: NRG LNG POT

Options with increasing put volume and implied volatility: TSLA SD NRG

Micron (MU) is recently up $2.01 to $23.74 after the chip maker reported Q1 earnings and revenue that topped estimates. January option implied volatility is at 41, February and July is at 40; compared to its seven-week average of 47.

Forest Laboratories (FRX) is recently up $9.64 to $68.42 after announcing that it has entered into a definitive agreement to acquire Aptalis for $2.9B in cash from its shareholders. January option implied volatility as at 38, February is at 33, May is at 29; above its 26-week average of 26.

Container Store (TCS) is recently down $5.84 to $39.54 after reporting an in-line Q3 but giving a fiscal-year revenue outlook that came in below estimates. Jefferies has a Hold rating and lowered its price target to $37 from $41. January option implied volatility is at 54, February is at 45, April is at 48, and July is at 49; compared to its seven-week average of 44.

 

 

 

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