Intel (NASDAQ: INTC) volatility at 31into increase of third quarter revenue guidance.
- INTC is recently trading up $0.25 to $25.72 (12:32 p.m.).
- INTC says, "as a result of stronger than expected worldwide demand for its computing products, INTC now expects revenue for the third quarter to be between $9.4 billion and $9.8 billion as compared to the previous rang of $9 billion to $9.6 billion."
- INTC will report EPS on 10/16.
- INTC October option implied volatility of 31 is above its 26-week average of 28 according to Track Data, suggesting slightly larger risk.
Bear Stearns (NYSE: BSC) volatility Elevated prior to Aquarian announcing 6.97% positions.
- BSC is recently flat but originally was up $3.05 to $108.16 when the Dow Jones reported that Aquarian Investments is holding a 6.97% stake in BSC for investment purposes.
- BSC overall option implied volatility of 59 is above its 26-week average of 42 according to Track Data, suggesting large price movement.
Volatility Index S&P 500 Options-VIX up 0.46 to 26.69; 10-day moving average is 23.95.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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