Option update 10-24-07: RIMM shares at record high; CFC at 4-year low

Research in Motion (NASDAQ: RIMM) closed at a record high of $124.52.

RIMM and Alcatel-Lucent (NYSE: ALU) announced an agreement to distribute BlackBerry handsets in China.
Smith Barney says: "We continue to believe RIMM's stock price appreciation is fundamental. We reiterate our Buy rating on RIMM."
RIMM November option implied volatility of 59 is above its 26-week average of 48 according to Track Data, suggesting larger risk.

Countrywide Financial (NYSE: CFC), a U.S. home mortgage lender, closed at $15.05.

CFC is expected to report EPS on 10/26.
CFC November option implied volatility of 103 is above its 26-week average of 61 according to Track Data, suggesting larger risk.

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

Tags: alcatel lucent, AlcatelLucent, alu, ARMS CDOs Home loans, ArmsCdosHomeLoans, BlackBerry handsets in China, BlackberryHandsetsInChina, cfc, countrywide financial, CountrywideFinancial, option implied volatility, OptionImpliedVolatility, research in motion, ResearchInMotion, rimm, Smith Barney, SmithBarney, U.S. home mortgage lender, U.s.HomeMortgageLender

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