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Sybase SY (news,
chart,
quote) - SY volatility Flat at 34 after Q1 pre-announcement
SY, a global enterprise software company, pre-announced positive Q1 2008 results on March 27. KeyBanc Capital Markets say's "The preannouncement provides evidence of continued sales momentum and execution consistency, and we think it is likely that SY will be able to continue it momentum into the 2Q." SY over all option implied volatility of 34 is near its 26-week average according to Track Data, suggesting non-directional risk.
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