Merrill Lynch MER (news,
chart,
quote) - MER volatility Elevated at 76; shares at five-year low
MER is recently trading at $31.96 in pre-open trading, below its close of $33.05. Lehman expects MER to post a Q2 write-down of $5.4 billion. MER July option implied volatility of 76 is above its 26-week average of 53 according to Track Data, suggesting larger price movement.
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