Analysis provided by Paul Foster of Theflyonthewall.com:U.S. stocks moved higher for the fifth straight session on news that the October Consumer Price Index fell more than expected. The S&P 500 was up 0.27%, NASDAQ 100 was up 0.25%, The Dow was up .44% and the 10 year bond rates rallied to 4.655%. The CBOE VIX was down .15 to 10.16. November options expire on tomorrow, Friday November 17th.
Sears Holding Corporation (NASDAQ:SHLD) is out of money calls, in the money puts its active as Sears sells off based on earnings per share. Sears was recently down 11 to $168.14. GSCO say's "we continue to have reservations about the company's Act 2." Sears December option-implied volatility of 29 is below its 26-week average of 35, according to Track Data, indicating decreasing price risks.
Hewlett-Packard Company (NYSE:HPQ) November straddle priced for $1.80 move on its earnings per share. Hewlett-Packard is expected to report EPS of $0.64 after the close of trading today. Hewlett-Packard at the money November 40 straddle is priced at $1.80, according to Track Data.
Intuit (INTU) November straddle pricing in a $1.20 move on earnings per share and outlook. The company is expected to report a loss of -.13 cents after the close tonight. November at the money straddle is priced at $1.25 according to Track Data.