Actionable Options for Friday, May 9

Actionable Options for Friday, May 9

Options having increasing call volume and implied volatility: AAPL RSH BAC

Options having increasing put volume and implied volatility: AMZN TSLA MCP

Apple (AAPL) is recently down $5.82 to $582.20 on talks to acquire headphone maker Beats Electronics for $3.2B in a deal that could be announced as early as next week, reports The Financial Times. At $3.2B, the deal would be Apple's largest acquisition ever. Apple May option implied volatility is at 16, June is at 17, July is at 18, August is at 20; compared to its 26-week average of 24.

Omnicom Group (OMC) is recently up $1.09 to $67.29 after terminating its merger with Publicis Groupe S.A. (PUBGY). June option implied volatility is at 21, July and October is at 20; compared to its 26-week average of 23.

Gap (GPS) is recently up $1.42 to $40.66 after reporting April same-store sales that grew 9% and Q1 revenues that beat expectations. May option implied volatility is at 22, June is at 26, September and December is at 24; compared to its 26-week average of 29.