Market Overview

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

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  • eBay Inc (NASDAQ: EBAY), Texas Instruments Incorporated (NASDAQ: TXN), Las Vegas Sands Corp. (NYSE: LVS) and American Express Company (NYSE: AXP) are reporting third-quarter financial results on Wednesday after the market closes.
  • 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

Kinahan first went into eBay, where the market is expecting a 5 percent move

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

Texas Instruments

Kinahan then shared his take on Texas Instruments, where he said the market is expecting a 3.5 percent move.

He pointed out that options activity was quite small on this stock. However, 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 said 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 95th 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 the market is expecting a move of just over 2 percent, "at the lower end of the volatility range, with the current implied volatility percentile at the 30th percentile."

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

Latest Ratings for EBAY

DateFirmActionFromTo
Sep 2019MaintainsBuy
Sep 2019DowngradesBuyNeutral
Jul 2019MaintainsOverweight

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Posted-In: JJ KinahanAnalyst Color Previews Options Exclusives Markets Analyst Ratings Trading Ideas

 

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