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posted by:Paul Foster on Nov 21, 2008, 4:12 pm
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VIX (news,
chart,
quote) - Volatility Index S&P 500 Options-VIX down 9.06 to 71.80.
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posted by:Paul Foster on Nov 21, 2008, 4:12 pm
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C (news,
chart,
quote) - Option volume leaders today were: GE C WFC JPM & GS according to Track Data.
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posted by:Paul Foster on Nov 21, 2008, 3:41 pm
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VIX (news,
chart,
quote) - Volatility Index S&P 500 Options-VIX down 7.70 to 73.16
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posted by:Paul Foster on Nov 21, 2008, 3:33 pm
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HSBC Holdings HBC (news,
chart,
quote) - HBC volatility Elevated at 100 on heavy put volume
HBC is recently down $1.02 to $44.76. HBC call option volume of 4,497 contracts compares to put volume of 37,374 contracts. HBC December call option implied volatility of 100 is above its 26-week average of 45 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 3:32 pm
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Citigroup C (news,
chart,
quote) - C volume & volatility suggests risk
C is recently down $1.27 to $3.43. C call option volume of 443,568 contracts compares to put volume of 441,107 contracts. C November 5 straddle is priced at $1.69, December straddle is at $3.15. C June option implied volatility of 202 is above its 6-mont average of 68 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 2:17 pm
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Tiffany TIF (news,
chart,
quote) - TIF volatility Elevated at 133 on global growth deterioration
TIF is recently down 30c to $17.56. Cowen say's "We believe the substantial deterioration in global growth prospects puts TIF's luxury-driven business model at significant risk." TIF call option volume of 315 contracts compares to put volume of 3,623 contracts TIF December option implied volatility of 133 is above its 6-month average of 59 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 2:17 pm
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Darden Restaurants DRI (news,
chart,
quote) - DRI volatility elevated at 105
DRI is recently down 19c to $13.37. DRI is the parent company of Red Lobster and Olive Garden. DRI December option implied volatility of 105 is above its 6-month average of 59 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 2:16 pm
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Whole Foods Market WFMI (news,
chart,
quote) - WFMI put volatility Elevated at 117; shares near nine-year low
WFMI is recently down 58c to $7.86. Goldman Sachs lowered its price target on WFMI to $15 from $16 to reflect lower EPS forecast. WFMI December call option implied volatility is at 99, puts are at 117; above its 6-month average of 68 according to Track Data, suggesting larger price movement. WFMI puts are more expensive than calls because WFMI is difficult to borrow.
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posted by:Paul Foster on Nov 21, 2008, 2:15 pm
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Hess HESS (news,
chart,
quote) - HES calls active on Elevated volatility
HES is recently up $2.86 to $41.36. WTI Crude futures are recently up 1.25% to $50.04 according to Bloomberg. HES call option volume of 24,440 contracts compares to put volume of 4,896 contracts. HES December option implied volatility of 133 is above its 26-week average of 87 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 2:15 pm
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Bed Bath & Beyond BBBY (news,
chart,
quote) - BBBY puts active on consumer growth concerns
BBBY is recently down 53c to $16.65. BBBY call option volume of 766 contracts compares to put volume of 6,654 contracts. BBBY December option implied volatility of 94 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:47 pm
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Regions Financial RF (news,
chart,
quote) - RF volatility Elevated at 148; shares near 17-year low
RF, a financial holding company based in Birmingham, Alabama, is recently down 55c to $7.11. RF call option volume of 697 contracts compares to put volume of 3,425 contracts. RF December option implied volatility of 148 is above its 26-week average of 100 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:47 pm
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Zions Bancorp ZION (news,
chart,
quote) - ZION puts active on Elevated volatility of 173
ZION is recently down $2.29 to $24.02. ZION call option volume of 1,455 contracts compares to put volume of 4,281 contracts. ZION December option implied volatility of 173 is above its 26-week average of 97 according to Track Data, suggesting larger price movement
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posted by:Paul Foster on Nov 21, 2008, 1:46 pm
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Genentech DNA (news,
chart,
quote) - DNA volatility Elevated; shares below Roche's $89 offer
DNA is recently down $1.16 to $71.83. Roche announced on July 21 the offer to buy the balance of 44% of DNA it does not own for $89 cash. DNA December option implied volatility of 74 is above its 26-week average of 40 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:45 pm
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New York Community Bancorp NYB (news,
chart,
quote) - NYB volatility Elevated at 113
NYB is recently down 70c to $10.89. NYB call option volume of 1,626 contracts compares to put volume of 1,004 contracts. NYB December option implied volatility is at 113, January is at 108; above its 26-week average of 59 according to Track Data, suggesting large price uncertainty.
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posted by:Paul Foster on Nov 21, 2008, 1:44 pm
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SunTrust Banks STI (news,
chart,
quote) - STI January volatility of 188 higher than December
STI is recently down $3.61 to $21.03. STI call option volume of 7,098 contracts compares to put volume of 10,392 contracts. STI December option implied volatility is at 167, January is at 188; above its 26-week average of 89 according to Track Data, suggesting large price uncertainty.
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posted by:Paul Foster on Nov 21, 2008, 1:44 pm
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BB&T BBT (news,
chart,
quote) - BBT volatility elevated at 134 on sharp sell off
BBT, a bank holding company with 1,504 branches, is recently down 64c to $22.43. BBT call option volume of 3,950 contracts compares to put volume of 4,662 contracts. BBT December option implied volatility of 134 is above its 26-week average of 67 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:43 pm
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Marshall & Ilsley MI (news,
chart,
quote) - MI volatility Elevated at 136
MI is recently up 52c to $12.38. MI December option implied volatility of 136 is above its 26-week average of 88 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:43 pm
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Huntington Bancshares HBAN (news,
chart,
quote) - HBAN volatility Elevated
HBAN is recently down 63c to $5.65. HBAN December option implied volatility of 145 is above its 26-week average of 98 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:42 pm
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PNC Financial Services PNC (news,
chart,
quote) - PNC volatility Spikes to 139
PNC is recently down $3.23 to $41.54. PNC purchase of NCC for 0.0392 PNC shares is expected to close in late 2008. PNC call option volume of 4,204 contracts compares to put volume of 7,278 contracts. PNC December option implied volatility of 139 is above its 26-week average of 64 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:41 pm
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KeyCorp KEY (news,
chart,
quote) - KEY option prices expensive; shares near 22-year low
KEY is recently down $1.56 to $7.45. KEY lowered its quarterly dividend to $0.0625 per share. RBC Capital has a $6 price target on KEY. KEY call option volume of 1,387 contracts compares to put volume of 11,558 contracts. KEY December 5 straddle is priced at $2.60; January 5 straddle is at $3.30 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:41 pm
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Fifth Third Bancorp FITB (news,
chart,
quote) - FITB volatility Elevated at 190; shares near 16-year low
FITB is recently down 85c to $6.87. FITB December option implied volatility of 190 is above its 26-week average of 112 according to Track Data, suggesting larger price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:40 pm
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SPDR Gold Trust GLD (news,
chart,
quote) - GLD volatility Elevated at 52; gold above $793
GLD is recently up $4.81 to $78.26. Gold is recently up 5.98% to $793.50 according to Bloomberg. GLD call option volume of 99,638 contracts compares to put volume of 36,150 contracts. GLD December option implied volatility of 52 is above its 23-week average of 38 according to Track Data, suggesting price movement.
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posted by:Paul Foster on Nov 21, 2008, 1:40 pm
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