Actionable Options for Friday, July, 11

Actionable Options for Friday, July, 11

Options having increasing call volume and implied volatility: WLT LO GLUU

Options having increasing put volume and implied volatility: MD BBBY MCP

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 1% to 11.95, compared to its 10-day moving average of 10.57. VXST is a market-based gauge of expectations of 9-days.

Lorillard (LO) is recently up $3.06 to $66.15 on Reynolds American (RAI) confirming that it is in discussions with Lorillard regarding a possible acquisition. July option implied volatility is at 37, August is at 27, September is at 24; compared to its 26-week average of 27.

Wells Fargo (WFC) is recently down 28c to $51.53 after reporting inline Q2 EPS of $1.01, however its street of record profits ended. July call option implied volatility is at 14, August is at 13, October is at 14; compared to its 26-week average of 16.

Gap (GPS) is recently down 55c to $40.42 after reporting its June same-store sales declined 2%. August option implied volatility is at 22, November is at 21; compared to its 26-week average of 26.