Strategist Talks Options Activity Ahead Of eBay, Texas Instruments, American Express And Las Vegas Sands Earnings

• eBay Inc EBAY, Texas Instruments Incorporated TXN, Las Vegas Sands Corp. LVS and American Express Company AXP are reporting their third quarter financial results on Wednesday, after the market closes.
• On Wednesday morning, Benzinga spoke with TD Ameritrade’s Chief Strategist JJ Kinahan, who shared some comments on options activity in these stocks ahead of the earnings calls.

eBay

The expert first went into eBay, where the market was expecting a 5 percent move, he assured.

“The options activity –a lot of it- is going to be at over $25 call on the weeklies,” he added. However, he noted options activity has not been particularly heavy lately.

Texas Instruments

Kinahan then shared his take on Texas Instruments, where he said to be expecting a 3.5 percent move.

The analyst also pointed out that options activity was quite small at this stock. However, he continued, the stock has been “on a nice little ride” since its 52-week low in August.

Las Vegas Sands

Regarding Las Vegas Sands, the strategist told Benzinga the expected move was around 4 percent. He also pointed out that the weekly $49 calls saw some buyers on Wednesday.

“The stock itself has actually been volatile, more so than the options (…) The stock itself is 95^th percentile,” he continued, noting that since October 1, the price escalated about 30 percent.

American Express Company

Finally, Kinahan took a look at American Express, highlighting the small surge the stock experienced close to the beginning of the month. The expert assured he was expecting a move of just over 2 percent, “at the lower end of the volatility range, with the current implied volatility percentile at the 30^th percentile.”

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.