Actionable Options for Monday, April, 4

Options with increasing call volume and volatility movement: LXK BBBY PHM

Options with increasing put volume and volatility movement: SINA STLD MAS

Virgin America (VA) is recently up $16.13 to $55.03 after Alaska Air (ALK) announced its acquiring the airliner for $57 per share in cash. Including existing Virgin America indebtedness and capitalized aircraft operating leases, the aggregate transaction value is approximately $4B.

Alaska Air (ALK) down 5%. Current 30-day call IVXM is at 32, compared to a one-month ago level 31.

Virgin America (VA) up 41%. Current 30-day call IVXM is at 17, compared to a one-month ago level 38.

Delta Air Lines (DAL) up 1.6%. Current 30-day call IVXM is at 34, compared to a one-month ago level 30.

American Airlines (AAL) up 0.45%. Current 30-day call IVXM is at 35, compared to a one-month ago level 31.

United Continental (UAL) down 0.06%. Current 30-day call IVXM is at 37, compared to a one-month ago level 34.