Actionable Options for Wednesday January 22

Actionable Options for Wednesday January 22

Options with increasing call volume and implied volatility: MAR AA AVP CRK

Options with increasing put volume and implied volatility: ZNGA AAPL NFLX

Apple (AAPL) is recently up $6.22 to $55.24 after Carl Icahn raised his position to over $3B. AAPL 1/31/14 option implied volatility is at 42, February is at 32; March is at 28; above its 26-week average of 28.

Coach (COH) is recently down $3.62 to $49.92 after the handbag-and-accessories retailer reported Q2 earnings decreased 16%. January weekly option implied volatility is at 42, February is at 20, August is at 24; compared to its 26-week average of 27.

Cree (CREE) is recently up $3.80 to $66.63 after the maker of LED lighting products and semiconductor components reported Q2 earnings rose 75%. January weekly option implied volatility is at 49, February is at 35, June is at 39; compared to its 26-week average of 39.