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Palm PALM (news,
chart,
quote) - PALM Calls active on higher implied Volatility on RIMM court Ruling
PALM is up 1.57 to 28.34. A Virginia court ruled a preliminary settlement agreement between RIMM and NTP. Inc signed in March is not binding. Investors have begun bidding up PALM shares on the theme RIMM users could migrate to PALM's mobile computing and communication devices. PALM launched its Treo 650 in China today. PALM option implied volatility of 60 is above its 26-week average of 53. PALM intra-day call option volume of 8,662 contracts compares to intra-day put volume of 1,440 contracts. Above average call option volume and implied volatility indicates investors likely have a bullish view of the PALM.
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