Actionable Options for Thursday January 9

Actionable Options for Thursday January 9

Options with increasing call volume and implied volatility: GREK YRCW ARO

Options with increasing put volume and implied volatility: PLUG WAG AA

Macy's (M) is recently up $3.87 to $55.72 after affirming its fiscal-year earnings guidance, announcing it will cut 2,500 employees as part of cost reduction initiatives and giving a fiscal-2014 earnings outlook that topped estimates. February option implied volatility is at 20, May is at 22, August is at 23; compared to its 26-week average of 26.

Family Dollar (FDO) is recently down $2.87 to $63.49 after lowers Q2 EPS view to 85c-95c, consensus $1.21. January option implied volatility is at 27, February is at 24, April and July is at 23; compared to its 26-week average of 28.

United Continental (UAL) is recently up $3.38 to $44.40 on better than expected December unit revenue. January call option implied volatility is at 38, February is at 42, March is at 40; compared to its 26-week average of 41.

Costco (COST) is recently up $4.73 to $118.88 after reporting December comparable sales rose 3%. Piper has a $136 price target and an Overweight rating. January call option implied volatility is at 17, February is at 15, April is at 16; compared to its 26-week average of 18.