Option update 10-17-07: Amazon volatility of 67 suggests large price movement ahead

Posted Oct 17th 2007 4:29PM by Paul Foster
Filed under: Amazon.com (AMZN)

Amazon.com (NASDAQ: AMZN) will report 3rd quarter earnings per share (EPS) on October 23rd:

AMZN November option implied volatility of 67 is above its 26-week average of 41 according to Track Data, suggesting that traders are positioning themselves for larger price risks.

SunTrust Banks (NYSE: STI), as of June 29th, STI had total assets of $180.3 billion and total deposits of $122.9 billion:

STI will report EPS on October 18th. STI call option volume of 3,015 contracts compares to put volume of 3,223 contracts. STI November option implied volatility of 32 is above its 26-week average of 26 according to Track Data, suggesting larger risk.

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

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