Options Update: Best Buy (BBY) & Nvidia (NVDA)
Best Buy (BBY)
BBY June Volatility Elevated At 44 Into EPS And Outlook
BBY is scheduled to report Q1 EPS on June 17.
Deutsche Bank has a Buy rating on BBY.
BBY call option volume of 11,897 contracts compares to put volume of 12,088 contracts.
BBY June 45 straddle is priced at $3.50, July 45 straddle is priced at $4.85.
BBY June option implied volatility of 44 is above its 6-month average of 38, suggesting larger price movement.
NVDA Volatility Low Into Launch Of New Graphic Products
NVDA is recently up $.73 to $24.97.
Goldman says: "Upgrading to Buy on better competitive outlook in GPU's & chipsets."
NVDA call option volume of 7,584 contracts compares to put volume of 1,620 contracts.
NVDA June and July option implied volatility of 47 is below its 26-week average of 54, suggesting decreasing price risk.
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