Option update 4-23-07: MSFT option implied volatility flat into EPS

Posted Apr 23rd 2007 3:15PM by Paul Foster
Filed under: Rumors, Microsoft (MSFT), Apple Inc (AAPL), Bausch and Lomb (BOL), Options

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

Bausch & Lomb-(NYSE: BOL) volatility suggests slightly larger Risk on renewed chatter. BOL, is recently up $3.55 to $58.47, on renewed takeover chatter. BOL has a market cap of $3.15 billion with long term debt of $831 million. BOL has cash & short term investment of $731 million. BOL May option implied volatility of 30 is near its 26-week average of 28 according to Track Data, suggesting slightly larger price risks.

Microsoft-(NASDAQ: MSFT) implied volatility suggests non-directional Risk into 4/26 EPS. MSFT will report EPS on 4/26/07. McAdams Wright Ragen has a Buy rating with a $35 price target on MSFT. MCAD says: "We expect FY08 guidance to be in the range of existing estimates and expect no major surprises." MSFT option implied volatility of 22 is near its 26-week average according to Track Data, suggesting non-directional risk.

Option volume leaders today are: MedImmune Inc. (NASDAQ: MEDI), Dendreon Corp. (NASDAQ: DNDN) and Apple, Inc. (NASDAQ: AAPL).

Tags: AAPL, BOL, DNDN, MEDI, Microsoft, MSFT, option implied volatility, OptionImpliedVolatility, Options Specialist, OptionsSpecialist, renewed takeover chatter, RenewedTakeoverChatter