Options Update: Macy's Inc (M) & Wal-Mart (WMT)
Macy's Inc (M)
M June Volatility At 53 Into EPS & Outlook
M closed at $23.21.
M is scheduled to report EPS on May 14.
M May 22.5 straddle is priced at $1.70, June 25 straddle is at $3.50.
M June option implied volatility of 52 is near its 6-month average of 53, suggesting non-directional price movement.
Wal-Mart (WMT)
WMT Volatility At 23 Into EPS
WMT is scheduled to report Q1 on May 13.
WMT June option implied volatility of 23 is below its 6-month average of 26, suggesting decreasing price movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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