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Actionable Options for Monday, July, 7

Actionable Options for Monday, July, 7

 

Actionable Options for Monday, July, 7

Options having increasing call volume and implied volatility: GRPO CRUS MBI

Options having increasing put volume and implied volatility: ACI MTL AA

Tesla (TSLA) is recently down $5.70 to $223.55 as the company will be investigating the remains of a stolen Model S that crashed, split in half, and burned following a high speed chase in Los Angeles on July 4th. July weekly option implied volatility is at 52, July is at 45, August is at 51, September is at 46; compared to its 26-week average of 54.

Cirrus Logic (CRUS) is recently up $1.11 to $24.30 into SEMICON West 2014. July option implied volatility is at 60, August is at 51, September is at 41, December is at 40; compared to its 26-week average of 41.

BioDelivery Sciences (BDSI) is recently up $1.30 to $13.29 after announcing with Endo Pharmaceuticals, a subsidiary of Endo International (ENDP) positive top-line results from its pivotal Phase III efficacy study of BEMA buprenorphine in opioid-experienced patients. The trial successfully met its primary efficacy endpoint in demonstrating that BEMA buprenorphine resulted in significantly improved chronic pain relief compared to placebo. July option implied volatility is at 78, August is at 75, September is 74, below its 26-week average of 98.

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