Actionable Options for Tuesday, June 24

Actionable Options for Tuesday, June 24

Options having increasing call volume and implied volatility: AMAT SO FOXA KMI

Options having increasing put volume and implied volatility: TV CP CBS

Vertex Pharmaceuticals (VRTX) is recently up $26.86 to $93.49 after Phase 3 studies of its combination treatment for lung function in certain cystic fibrosis patients achieved their primary endpoint. July weekly option implied volatility is at 46, July is at 45, August is at 42, October is at 38; compared to its 26-week average of 73.

Micron (MU) is recently up $1.58 to $32.84 after the computer memory maker reported Q3 earnings per share and revenue surpassed analysts' expectations. July weekly option implied volatility is at 34, July is at 32, August is at 33, October is at 35; compared to its 26-week average of 43.

Walgreen (WAG) is recently down 10c to $73.63 after its earnings missed expectations and it withdrew the FY16 goals the company had previously announced in 2012. July weekly option implied volatility is at 25, July, September and August is at 28; compared to its 26-week average of 25.