Actionable Options for Wednesday, May 21

Actionable Options for Wednesday, May 21

Options having increasing call volume and implied volatility: IPG HPQ BBY

Options having increasing put volume and implied volatility: CLF BIG GME

Target (TGT) is recently up 18c to $56.82 after the retailer reported slightly lower than expected adjusted earnings for its Q1 and lowered its adjusted profits outlook for the fiscal year. June option implied volatility is at 18, July is at 17, October and January is at 15; compared to its 26-week average of 18.

Salesforce.com (CRM) is recently down $2.75 to $50.16 after posting Q1 revenue growth of 37% and forecasts Q2 results better than expected. June option implied volatility is at 35, July is at 32, August is at 31; compared to its 26-week average of 34.

Tiffany (TIF) is recently up $7.66 to $95.89 after the retailer reported significantly stronger than expected results and raised its full-year profit guidance. June option implied volatility is at 19, July is at 18, August is at 17 and November is at 19; compared to its 26-week average of 27.