Yahoo (NASDAQ: YHOO) volatility elevated as YHOO trades near 36-month low. YHOO, however, is recently up $0.81 to $23.54 following positive analyst comments. Bear Stearns says "there are several catalysts that could drive YHOO's shares, including: 1) success from branding initiatives, 2) good results from Panama, 3) takeover / strategic partnership talks, 4) the Alibaba IPO, and 5) a material share repurchase." YHOO overall option implied volatility of 38 is above its 26-week average of 35 according to Track Data, suggesting larger movement.
First Marblehead (NYSE: FMD) volatility was low prior to announcing Subpoena from NY AG. FMD, a provider of outsourcing services for private and non-governmental education lending, closed at $40.70. FMD announced on 8/31/07 it received a subpoena on 8/22/07 from the New York Attorney General's investigation of lending, educational, and nonprofit institutions. FBRC say's "facing wider spreads, downsizing-reiterating underperform." FMD over all option implied volatility of 41 is below its 26-week average of 45 according to Track Data, suggesting decreasing price movements.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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