Freddie Mac (NYSE: FRE) is recently down$10.61 to $27 after reporting a Q3 loss of $2 billion, reflecting a higher provision for credit losses and losses on mark-to-market items. FRE is considering issuing preferred, convertible or common stock. FRE is considering cutting its Q4 dividend by 50%. FRE December option implied volatility of 89 is above a level of 73 from yesterday and above its 26-week average of 36 according to Track Data, suggesting larger price fluctuations.
Fannie Mae (NYSE: FNM) is recently down $6.83 to $30.75. FNM December option implied volatility of 93 is above a level of 81 from yesterday and above its 26-month average of 36 according to Track Data, suggesting larger price fluctuations.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Once again, OPEC has killed the goose that lays the golden egg
Closing Bell: Markets bounce after yesterday's sell-off; BA, F, GE, DOW all up, GS down 
Where have all the consumers gone?
