E*Trade (NASDAQ: ETFC) closed at $5.54.
- ETFC announced on November 9 it expected to take significant write-downs in Q4 on its asset backed securities.
- ETFC recently announced The Securities and Exchange Commission is conducting an informal inquiry of ETFC loan and securities portfolios.
- ETFC December 5, 6 and December 7 call and put option implied volatility of 155 is above its 26-week average of 57, according to Track Data, suggesting option traders are initiating the purchase of options as a hedge to potential price fluctuations.
Take-Two Interactive (NASDAQ: TTWO) closed at $15.31.
- Activist shareholders have been involved in TTWO, an interactive entertainment software game developer, over the last year.
- Carl Icahn reported a 462,037 share position as of September 30.
- TTWO over all option implied volatility of 82 is above its 26-week average of 54 according to Track Data, suggesting larger risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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