Option update 4-13-07: Cypress Bio large price fluctuation risk

Posted Apr 13th 2007 10:09AM by Paul Foster
Filed under: Options

Cypress Bioscience Inc. (NASDAQ: CYPB) option implied volatility above 200 suggests Risk into Data.
CYPB closed at $7.66. Data from CYPB's end PII Milnacipran (Fibromyalgia Syndrome: FMS) trail, is expected to be released before mid-year. CYPB June option implied volatility is above 200 according to Track Data, suggesting large price fluctuation risk.

South West Energy Co. (NYSE: SWN) implied volatility suggests less Risk as SWN at record High.
SWN, an energy company focused on natural gas, closed at $44.35. SWN has a market cap of $7.5 billion with long term debt of $136 million. SWN reported 2006 annual revenue of $763 million. SWN is expected report EPS on 5/1. SWN May option implied of 38 below its 26-week average of 46 according to Track Data, suggesting decreasing price risks.

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

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