Actionable Options for Wednesday, June 4

Actionable Options for Wednesday, June 4

 

Actionable Options for Wednesday, June 4

Options having increasing call volume and implied volatility: AAPL DIS CIEN

Options having increasing put volume and implied volatility: MNKD NG NQ

Shares of Chinese solar stocks based in the U.S. are rallying after the U.S. Commerce department made a preliminary decision on tariffs on a variety of Chinese solar products. Chinese and Canadian stocks are pulling back on the decision.

First Solar (FSLR) is recently up $3.32 to $66.23. Overall option implied volatility of 42 compares to its 26-week average of 55.

SunPower (SPWR) is recently down $2.86 to $34.93. Overall option implied volatility of 44 compares to its 26-week average of 53.

Canadian Solar (CSIQ) is recently down 60c to $24.49. Overall option implied volatility of 61 compares to its 26-week average of 72.

Trina Solar (TSL) is recently down 13c to $12.84. Overall option implied volatility of 61 compares to its 26-week average of 73.

General Motors (GM) is recently up $1.47 to $36.73 after the company confirmed it will provide an update on its ignition switch recall investigation, followed by a press conference hosted by CEO Mary Barra, tomorrow. June weekly call option implied volatility is at 25, June and September is at 23, September is at 24; compared to its 26-week average of 27.

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