Implied Volatility Alert: SLE, MEDX
07/01/09
SLE October volatility near 10-month lows on active call volume
Sara Lee (SLE) is recently up 28 cents to $10.04. SLE is scheduled to report Q4 earnings on Aug. 12.
SLE call option volume of 7,691 contracts compares to put volume of 778 contracts.
SLE July option implied volatility is at 29, August is at 36, October is at 35; verses its six-month average of 43, according to Track Data, suggesting decreasing price movement.
MEDX volatility decreases as shares trend higher after June 22 positive report
Medarex (MEDX) is recently up 27 cents to $8.64.
MEDX shares rallied sharply on June 22, after the Mayo Clinic's online publication, Discovery's Edge, featured a story about two prostate patients who took MEDX's Ipilimumab becoming cancer-free.
MEDX call option volume of 14,507 contracts compares to put volume of 1,999 contracts.
MEDX July option implied volatility is at 54, August at 58; verses its 26-week average of 90, according to Track Data, suggesting decreasing price movement.
Posted at 4:15 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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