Actionable Options for Friday, May 16
Actionable Options for Friday, May 16
Options having increasing call volume and implied volatility: PFE URBN TBT
Options having increasing put volume and implied volatility: RSH CLF GM
Rackspace (RAX) is recently up $6.08 to $36.76 after the network infrastructure provider disclosed that in recent months, it has been approached by "multiple parties who have expressed interest in exploring a strategic relationship with Rackspace, ranging from partnership to acquisition." June weekly option implied volatility is at 86, June is at 53, September is at 41; compared to its 26-week average of 43.
Verizon (VZ) is recently up $1.27 to $49.22 on Berkshire Hathaway (BRK.A), Third Point and Paulson & Co disclosing stakes in the telecommunications company. June and October option implied volatility is at 13 is below its 26-week average of 17.
WisdomTree India Earning Fund (EPI) is recently up $1.15 to $21.65 on Narendra Modi's opposition Bharatiya Janata Party winning India's biggest election in thirty years. June and July option implied volatility is at 24, October is at 23; compared to its 26-week average of 29.
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