Apple (NASDAQ: AAPL) October implied volatility at 39 into Citigroup raising target to $185.
- AAPL is recently up $1.05 cents to $145.20 in pre-open trading.
- Citigroup Smith Barney-SBSH says: "We are raising FY08 and FY09 earnings estimates to reflect higher gross margin and lower operating expense assumptions. Our above-consensus estimates suggest a new twelve-month target of $185. We remain buyers of AAPL."
- AAPL is expected to report EPS in mid-October.
- AAPL October option implied volatility of 39 is below its 26-week average of 42 according to Track Data, suggesting decreasing price movement.
AMR Corp (NYSE: AMR) implied volatility Flat prior to weak 3Q investor Update.
- AMR closed at $24.26.
- Soleil Securities says: "On the heels of a somewhat disturbing mid-quarter update from AMR that was released late Friday, we are slashing earnings estimates, cutting our target price to $24 from $33, and reducing our investment rating to Hold from Buy."
- WTI Crude futures are down 1.13% to $80.70 according to Bloomberg.
- AMR October option implied volatility of 50 is near its 26-week average according to Track Data, suggesting non-directional risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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Reader Comments (Page 1 of 1)
9-24-2007 @ 11:46AM
Beltway Greg said...
Oh sweet Jesus, the dreaded Citigroup earnings upgrade. Has Richard Gardner retired after he called Apple overpriced at $100? I'm just sayin.
How about that Citi stock and do they evern relize that they've stolen Larry "The Cable Guy's" catch phrase, "Get er' done"? How abt. that NYX kids?
Beltway Greg
A little bit longer and stronger than yesterday.