Implied Volatility Alert: TGT, PALM
11/13/09
TGT December volatility low into earnings and holiday outlook
Target (TGT) is recently down 19 cents to $48.73.
TGT is expected to report Q3 EPS on November 17.
TGT November 49 straddle is priced at $2.31, and December is priced at at $3.86.
December option implied volatility of 31 is below its six-month average of 37.
PALM option volume, volatility and share price increases
Palm (PALM) is recently up 99 cents to $12.45.
PALM is the frequent subject of takeover chatter.
Palm Pixi launch is expected to be launched by Sprint (S) on November 15.
Palm is expected to report EPS in mid-December.
Palm call option volume of 61,117 contracts compares to put volume of 16,543 contracts.
November option implied volatility is at 89, December is at 93, and January is at 86, above its six-month average of 80, suggesting larger price movement.
Posted at 2 p.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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