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Actionable Options for Monday, August, 4

Actionable Options for Monday, August, 4

 

Actionable Options for Monday, August, 4

Options having increasing call volume and implied volatility: RIG ABC AIG

Options having increasing put volume and implied volatility:  ESI MTW OCN

Berkshire Hathaway (BRK.B) is recently up $3.14 to $128.97 after reporting better than expected Q2 results and having over $50B in cash on the balance sheet.  August option implied volatility is at 15, September is at 13, December is at 12; below its 26-week average of 16.

Amgen (AMGN) is recently up $1.42 to $126.98 after the company reported its Phase 3 clinical trial ASPIRE met its primary endpoint of progression-free survival. August weekly option implied volatility is at 22, September is at 23, October is at 21; compared to its 26-week average of 23.

Michael Kors (KORS) is recently down $5.69 to $76.13 after forecast slowing sales and weaker margins.  August option implied volatility is at 36, September is at 32, November is at 31, January is at 29; compared to its 26-week average of 34.

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