Option update 6-26-07: BIDU & SINA volatility Flat as Chinese portals rally

Posted Jun 26th 2007 11:45AM by Paul Foster
Filed under: Ford Motor (F), Sirius Satellite Radio (SIRI), Sun Microsystems (JAVA), Options

Baidu(NASDAQ:BIDU) implied volatility Flat as BIDU trades near record Highs. BIDU, a Chinese language internet search provider, is recently trading up $1.83 to $155.89. SUSQ say's "we forecast BIDU will launch some-commerce products in the future to directly exploit the e-commerce take-off in China. We maintain our Positive rating in BIDU." BIDU over all option implied volatility of 40 is near its 26-week average of 43 according to Track Data, suggesting flat risks.

SINA Corp(NASDAQ:SINA) implied volatility Flat as SINA near record high. SINA, a leading online media company and value added information service provider for Chinese communities, is recently up $1.55 to $41.50. GROW raised its rating on SINA to Outperform. SINA over all option implied volatility of 38 is near its 26-week average of 36 according to Track Data, suggesting flat risk.

Option volume leaders today are: Sun Microsystems (NASDAQ:SUNW), Sirius Satellite (NASDAQ:SIRI) and Ford (NYSE:F).

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

Tags: Baidu, Chinese communities, ChineseCommunities, Ford, option implied volatility, OptionImpliedVolatility, SINA Corp, SinaCorp, Sirius Satellite, SiriusSatellite, Sun Microsystems, SunMicrosystems, UAW