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Option update: Hewlett-Packard (HPQ) options pricing in a $2 move into EPS

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Hewlett-Packard (NYSE: HPQ) closed at $47.54 Monday and is up 74 cents to $48.28 this morning (10:49 a.m.). HPQ is expected to report EPS on November 19. HPQ will host an analyst meeting on December 11. HPQ November 47.5 straddle is priced at $2.00. HPQ December option implied volatility of 42 is above its 26-week average of 28 according to Track Data, suggesting larger risk.

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

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DJIA+15.5010,449.21
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S&P 500+2.811,108.46

Last updated: November 25, 2009: 02:16 PM

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