Option update: Research in Motion (RIMM) volatility aggressive into tonight's EPS

Posted Oct 4th 2007 9:50AM by Paul Foster
Filed under: Research in Motion (RIMM), Options

Research in Motion (NASDAQ: RIMM) is recently up $1.82 to $98.10 in pre-open trading.

RIMM is expected to report EPS after the close tonight.
Thomas Weisel says: "The stock is very near our target price and will be looking at guidance to review the target."
RIMM October option implied volatility is at 82, November is at 61 and December is at 57; above its 26-week average of 44 according to Track Data, suggesting larger risk.

Overstock (NASDAQ: OSTK), an online community of auction buyers and sellers, closed at $32.73 (near a 22-month high).

OSTK has a market cap of $776 million. OSTK had June 2007 quarterly total revenue of $148.9 million.
OSTK overall option implied volatility of 53 is above its 26-week average of 46 according to Track Data, suggesting larger price risk.

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

Tags: Black Berry, BlackBerry, canada, iphone, mobile communications, MobileCommunications, option implied volatility, OptionImpliedVolatility, ostk, Overstock, research in motion, ResearchInMotion, rim, rimm, wireless solutions, WirelessSolutions