Goldman Sachs (NYSE: GS) volatility increase suggests greater Crises. GS is recently down $7.62 to $169.99. GS September option implied volatility of 57 is above its 26-week average of 30 according to Track Data, suggesting larger risk.
Bear Stearns (NYSE: BSC) implied volatility increase suggests greater Crises. BSC is recently down $2.31 to $107.41. James E. Cayne is chairman of the board and CEO of BSC. BSC has been a board member since 1985. BSC call option volume of 7,419 contracts compares to put volume of 10,103 contracts. BSC September option implied volatility of 78 is above its 26-week average of 38 according to Track Data, suggesting larger price movement.
Lehman (NYSE: LEH) September volatility of 73 above 26-week average of 33. LEH is recently down $2.55 to $54.79. LEH call option volume of 18,902 contracts compares to put volume of 33,956 contracts. LEH August 55 straddle is priced at $4.60. LEH September option implied volatility of 73 is above its 26-week average of 33 according to Track Data, suggesting larger risk.
Countrywide Financial (NYSE: CFC) volatility of 130 suggests greater Crisis. CFC, the largest U.S. home mortgage lender, is recently down $1.66 to $24.97. SBSH say's "we still believe CFC's $46 billion in 'highly reliable funding should help them through this difficult time." CFC August 25 straddle is priced at $3.30. CFC September option implied volatility of 130 is above its 26-week average of 52 according to Track Data, suggesting larger price risks.
Daily option update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
More Countrywide Financial coverage
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Kevin Shult: Analyst downgrades: CFC, HD, KFN and PEP
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