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New Century Fin'l NEW (news,
chart,
quote) - NEW option implied volatility Aggressive on Subprime risks
NEW, a real estate investment trust, providing mortgage products to borrowers nationwide, is recently up .29 to $15.28. NEW was trading at $33.08 on 2/8/07, prior to a disruption in subprime liquidity. NEW call option volume of 2,089 contracts compares to put volume of 4,176 contracts. NEW over all option implied volatility of 125 is above its 26-week average of 48 according to Track Data, suggesting aggressive price fluctuations.
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