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Imergent IIG (news,
chart,
quote) - IIG implied volatility Elevated on Claims & IIG being difficult to borrow
IIG, a provider of eCommerce solutions to small businesses, is recently down .50 to $17.79. The Illinois Attorney General Office alleges IIG of misleading consumers with false promises to help them set up internet business. IIG said on 12/20/06 "the company categorically denies the alleged and unsubstantiated claims." IIG call option volume of 2,971 contracts compares to put volume of 1,488 contracts. IIG March call option implied volatility is at 73, puts are at 99. IIG 26-week average option implied volatility is 69 according to Track Data, suggesting larger price risks. IIG is on the difficult to borrow list.
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