Actionable Options for Friday, February, 27

Options with increasing call volume and implied volatility: GE AAPL FB

Options with increasing put volume and implied volatility: MPEL EBAY BAC

Retailers IV decreased as stocks moved on quarterly results

Gap (GPS) gained 3% after the company reporting better than expected Q4 earnings. Current 30-day call IVXM is at 23, compared to a one-month ago level of 27.

Ross Stores (ROST) gained 6% on better than expected Q4 earnings. Current 30-day call IVXM is at 19, compared to a one-month ago level of 22.

J.C. Penney (JCP) lost 7% after giving a 2015 gross margin outlook that disappointed some analysts and its shares slid 4% near midday. Current 30-day call IVXM is at 45, compared to a one-month ago level of 58 according to Advanced Options at IVolatility.