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.
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