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Suntech Power STP (news,
chart,
quote) - STP volatility above 200; shares near record low
STP is recently down $3.17 to $13.18. Merriman downgraded STP to Neutral from Buy. STP is expected to report Q3 EPS on November 20. STP call option volume of 3,844 contracts compares to put volume of 2,821 contracts. STP November option implied volatility is at 202, December is at 169; above its 26-week average of 86 according to Track Data, suggesting larger price movement.
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