Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement.
Stocks seeing volatility buying (bullish call buying/bearish put buying):
Calls:
- MU Apr 11 calls are seeing interest with 6170 contracts trading vs. open int of 110.8K, pushing implied vol up around 3 points to ~55% — co is expected to report earnings late March.
- DLTR May 57.5 calls are seeing interest with 2270 contracts trading vs. open int of 60, pushing implied vol up around 1 points to ~31% — co is expected to report earnings mid May, possibly falling within the expirations cycle.
Puts:
- TOL Apr 20 puts are seeing interest with 2000 contracts trading vs. open int of 3540, pushing implied vol up around 3 points to ~35%
Stocks seeing volatility selling:
- ADBE, GIS, DGW, DFS and JBL implied vol is lower following earnings/guidance
Sentiment: The CBOE Put/Call ratio is currently: 0.95.. VIX: (20.95, +0.74, +3.7%).
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