Actionable Options for Friday January 10
Options with increasing call volume and implied volatility: GALT LYG FLDM NRP
Options with increasing put volume and implied volatility: AMLP LYG CHTP
Target (TGT) is recently down 65c to $62.69 after disclosing that its recent data breach was wider than first estimated. William Blair reiterated its Underperform rating into the company reporting Q4 results on February 2. January, February and April option implied volatility of 16 is below its 26-week average of 19.
Sears (SHLD) is recently down $5.40 to $37.18 after saying Q4 sales-to-date are down 7.6%, with the company also projecting Q4 and fiscal-2013 losses that were larger-than-expected. February option implied volatility is at 57, March is at 62; above its 26-week average of 54.
Abercrombie & Fitch (ANF) is recently up $3.15 to $36.33 after the teen retailer raised its full year adjusted profit view. January option implied volatility is at 40, February is at 36, March is at 40, August is at 37; compared to its 26-week average of 40.