Actionable Options for Thursday, May 15

Actionable Options for Thursday, May 15

Options having increasing call volume and implied volatility: JCP AMAT WMB

Options having increasing put volume and implied volatility: IWM NQ ADSK

SPDR S&P 500 ETF Trust (SPY) is recently down $2.36 to $186.38 as investors react to cautious commentary from noted hedge fund manager and post-credit crisis guru David Tepper of Appaloosa Management. SPY May option implied volatility is at 14, June is at 11, July and September is at 12.

Cisco (CSCO) is recently up $1.56 to $24.38 on better than expected Q3 results. May call option implied volatility is at 23, June is at 16, July is at 16; compared to its 26-week average of 23.

Wal-Mart (WMT) is recently down $1.96 to $76.78 after releasing a weak earnings forecast. May weekly option implied volatility is at 14, June is at 11, December is at 12; compared to its 26-week average of 14.