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Actionable Options for Friday, September, 5

Actionable Options for Friday, September, 5

 

Actionable Options for Friday, September, 5

Options having increasing call volume and implied volatility: WAG GM MCP

Options having increasing put volume and implied volatility: GPS PCLN KORS

Michael Kors (KORS) is recently down $3.22 to $76.72 after announcing a secondary offering of 11.63M shares for Sportswear Holdings. September option implied volatility is at 26, October is at 25, November is at 28; compared to its 26-week average of 31.

Gap (GPS) is recently down $2.17 to $44.43 following disappointing August sales comps. September option implied volatility is at 16, October is at 17, December is at 20; below its 26-week average of 26.

Gilead Sciences (GILD) is recently down $3.54 to $103.30 on reports about the company nearing a deal to offer its Sovaldi hepatitis C drug at a lower cost in poorer countries. September option implied volatility is at 41, October and November is at 40; compared to its 26-week average of 33.

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