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Option update: EchoStar volatility spikes on AT&T chatter

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EchoStar Communications (NYSE: DISH) is up $9.07 to $48.63 on renewed chatter that AT&T (NYSE: T) will acquire DISH. DISH call option volume of 32,468 contracts compares to put volume of 4,426 contracts. DISH December option implied volatility of 100 is above its 26-week average of 34 according to Track Data, suggesting larger price risk.

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

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DJIA+132.7910,450.95
NASDAQ+29.972,176.01
S&P 500+14.861,106.24

Last updated: November 24, 2009: 12:23 AM

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