Implied Volatility Alert: JCG, ZLC
11/24/09
JCG volatility at 58 into EPS and spring inventory outlook
J. Crew Group (JCG) closed yesterday at $40.40.
The company is expected to report Q3 EPS today after the market close.
JCG December and January option implied volatility of 58 is near its 26-week average, according to Track Data, suggesting non-directional price movement.
ZLC put volatility at 131 on earnings miss
Zale Corp. (ZLC) closed yesterday at $4.50.
The company reported Q1 EPS of $1.80 verses a consensus estimate of $2.02. It reported aggregate revenue of $329 million, a 9.6% decrease from the year-ago period.
ZLC December put option implied volatility is at 131, and January is at 126, above its six-month average of 110, according to Track Data, suggesting larger price movement.
Posted at 8:45 a.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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