Option update 7-31-07: Unconfirmed chatter Apple reducing iPod production

Apple (NYSE: AAPL) volatility elevated on unconfirmed chatter iPod production reduced.

AAPL is recently down $3.90 to $137.50 on unconfirmed chatter AAPL reduced iPod production.
AAPL announced three billion songs have been purchased and downloaded from iTunes.com.
RBC Capital reiterated its Outperform rating on AAPL.
AAPL call option volume of 106,511 contracts compares to put volume of 87,001 contracts. AAPL August option implied volatility of 43 is above its 26-week average of 37 according to Track Data, suggesting larger risk.

Under Armour (NYSE: UA) volatility flat as UA rallies to record after EPS.

UA is recently up $7.97 to $63.23 after UA reported 2nd EPS of 11 cents, above consensus estimates of 3 cents. UA revenues grew 50% to $120.5 million.
Smith Barney has a Hold rating with a $52 price target on UA.
UA call option volume of 5,072 contracts compares to put volume of 3,440 contracts. UA September option implied volatility of 42 is near its 26-week average according to Track Data, suggesting flat price risks.

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

Tags: aapl, Apple, inthenews, iPhone, iPod, iPod production, IpodProduction, iTUnes, option implied volatility, option volume, OptionImpliedVolatility, OptionVolume, Steve Jobs, SteveJobs, three billion songs, ThreeBillionSongs, ua, Under Armour, UnderArmour

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	120	0
2	Tom Johansmeyer	106	3
3	Connie Madon	54	0
4	Steven Mallas	45	0
5	Tom Taulli	44	0
6	Mark Fightmaster	43	0
7	Trey Thoelcke	33	0
8	Steven Halpern	32	0
9	Melly Alazraki	27	0
10	Paul Foster	26	0
11	Zac Bissonnette	25	0
12	Brian White	24	0
13	Jon Ogg	23	0
14	Jim Cramer	23	0
15	Brent Archer	23	0
16	Elizabeth Harrow	19	0
17	Eric Buscemi	17	0
18	Sheldon Liber	13	0
19	Beth Gaston Moon	9	0
20	Michael Fowlkes	9	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Skype soap opera ends as founders set to regain stake ahead of $2B sale Big LBOs are teetering, but Wall Street still planning record bonuses	Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point) Microsoft CFO Chris Liddell leaving at the end of 2009
Magellan has worthy contender in the GPS sweepstakes Holiday Gift Guide: The Perfect iPhone Ringtone Cook that turkey, drink that wine! Five cooking apps for Thanksgiving	Automatically disable your touchpad while you type with TouchFreeze The Atari classics are back and free to play! Asteroids, Lunar Lander and MORE! Firefox is going to beat Microsoft's IE9 at its own game
Lotus Arts de Vivre Palm Stick Bag, Handbag of the Day Griffin & Threadless Team Up For Fashion Forward iPhone Cases Luxist Gift Guide 09: Hommage Men's Grooming Line	Google set to map the world - and push out GPS makers as a result? Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point)