Option update: Fortress Investment down on holdings concern

Fortress Investment (NYSE: FIG) --

• Fortress Investment is a global alternative asset manager with approximately $43.3 billion assets under management as of 6/30/07.
  
• FIG is recently down $2.07 to $19.98.
  
• FIG call option volume of 978 contracts compares to put volume of 6,248 contracts. FIG November option implied volatility of 105 is above its 26-week average of 49 according to Track Data, suggesting larger risk.

Blackstone Group (NYSE: BX) --

• Blackstone Group is a global alternative asset manager and provider of financial advisory services.
  
• BX is recently down $0.46 to $24.97.
  
• BX will report EPS & give guidance in the next two weeks.
  
• BX November option implied volatility of 52 is above its 4-month average of 42 according to Track Data, suggesting larger risk.

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