Actionable Options for Thursday, June, 11
Options with increasing call volume and implied volatility: GPS MBLY SHLD
Options with increasing put volume and implied volatility: MW KGC OKE
RT Options Scanner shows United States Oil Fund (USO) October 24 call option implied volatility increased 8% to 33 according to IVolatility.
lululemon (LULU) is down 2% after the company disclosed that its founder, Dennis "Chip" Wilson, has filed to have the ability to sell his family's entire 20.1M stake in the company. Current 30-day call IVXM is at 29 compared to a one-month ago level of 34.
Hess (HES) is up 5% after the company announced it has agreed to sell a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for $2.675B in cash and form a midstream joint venture, to be called "Hess Infrastructure Partners." Current 30-day call IVXM is at 23 compared to a one-month ago level of 29.
Citrix Systems (CTXS) is up 2.3% after activist investor Elliott Management disclosed it has built a 7.1% stake in the company and said it thinks the stock can rise to $90-$100 per share by next year if the firm's strategic and operating recommendations are followed. Current 30-day call IVXM is at 27 compared to a one-month ago level of 26 according to Advanced Options at IVolatlity.