Implied Volatility Alert: BIIB, MAR
07/14/09
BIIB August volatility at 47 into EPS
Biogen Idec (BIIB) closed at $46.16.
BIIB is scheduled to report Q2 earnings on July 16.
BIIB July 45 straddle is priced at $2.80. August is at $5.10.
August option implied volatility is at 47, October is at 41; verses its six-month average of 48, according to Track Data, suggesting less price movement after EPS.
MAR July option prices up into EPS and 2H guidance
Marriott (MAR) closed at $20.64.
MAR is scheduled to report Q2 earnings on July 14.
MAR July 20 straddle is at $1.60. August 20 straddle is at $2.80.
MAR August and January option implied volatility of 52 is below its six-month average of 62, according to Track Data, suggesting decreasing price movement.
Posted at 9:06 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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