Countrywide Financial-(NYSE-CFC) Put volume & implied volatility Spikes on sell off. CFC, the largest U.S. home mortgage lender, is recently down $3.16 to $21.40. CFC call option volume of 98,035 contracts compares to put volume of 191,635 contracts. CFC September option implied volatility of 141 is above its 26-week average of 55 according to Track Data, indicating larger price fluctuations.

ExxonMobil-(NYSE-XOM) September implied volatility of 31 above 26-week average of 24. XOM is recently up .65 to $83.76. Crude oil futures are up 1.02% to $73.12 according to Bloomberg. XOM September option implied volatility of 31 is above its 26-week average of 24 according to Track Data, suggesting larger price fluctuations.

ConocoPhillips-(NYSE-COP) September implied volatility of 32 above 26-week average of 26. COP is an integrated energy company with a market cap of $128 billion and quarterly March 2007 revenues of $42.8 billion. COP is recently up .01 to $78.87. Crude oil futures are up 1.02% to $73.12 according to Bloomberg. COP September option implied volatility of 32 is above its 26-week average 26 according to Track Data, suggesting larger risks.

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