Option update 4-17-07: AMZN -- near-term Risk into earnings

Posted Apr 17th 2007 1:42PM by Paul Foster
Filed under: Yahoo! (YHOO), Amazon.com (AMZN), Intel (INTC), Johnson and Johnson (JNJ), Merck and Co (MRK), U.S. Steel (X), Options

Amazon.com, Inc. (NASDAQ: AMZN) May implied volatility at 43, July at 33; suggests near term Risk. AMZN is recently trading at $45.08. AMZN will report earnings on 4/24. AMZN May option implied volatility of 43 is above its 26-week average of 37 according to Track Data, suggesting larger price fluctuations.

US Steel (NYSE: X) option implied volatility Flat at 40 into EPS as X near Record High. X is recently down .93 to $107.15. X will report EPS on 4/24. X May option implied volatility of 40 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

Merck (NYSE: MRK) implied volatility suggests non-directional risk into earnings and outlook. MRK will to report earnings on 4/19. MRK over all option implied volatility of 20 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

Option volume leaders today are: Yahoo! Inc. (NASDAQ: YHOO), Johnson & Johnson (NYSE: JNJ) and Intel Corp. (NASDAQ: INTC).

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

Tags: Amazon, amzn, implied volatility suggests, ImpliedVolatilitySuggests, intc, Intel, jnj, mrk, option implied volatility, OptionImpliedVolatility, price fluctuations, PriceFluctuations, Stock Options, StockOptions, x, yhoo