* Trade Recommendations: BAX, CSCO, CTB, DE, FCX, KORS, URBN, WSM, XHB, XLE, XOP (2)
* Options Insight: Hedging summer seasonality (4-5)
* Detailed Trade Ideas: URBN, WSM, KORS (5-7)
* Weekly Options Watch Chartbook – Published today alongside the Weekly Options Watch, contains skew, term
structure and sector-wide volatility screens for our WOW Coverage Universe.
Weekly Options Chartbook (Full note attached)
* Skew screen: Skew was up most in WLT, DIS, GSK, KMI, LYB. Skew was down most in BHI, VALE, UPL, AVP, WLL (2)
* Term structure screen: Steepest upward sloping term: GILD, X, EXPE, WFM. Downward sloping term: DTV, MON, HCA, CRM (3)
* One-month sector relative volatility screen: Ranks rich and inexpensive volatility by sector for one-month options (4)
* Three-month sector relative volatility screen: Ranks rich and inexpensive volatility by sector for three-month options (5)
* Mega-cap volatility summary: Options screen rich in WMT, CSCO, HD, COP, MO; inexpensive AMZN, EBAY, MA, MSFT, MRK
Largest one-week changes in one-month ATM vol; higher VALE, PBR, MO, XOM, COP; lower DIS, GSK, CVS, T, CMCSA (6-7)
* Sector volatility summaries: Key volatility screens (8-33)