Option update: Washington Mutual volatility aggressive as shares near seven-year low

Posted Nov 21st 2007 11:30AM by Paul Foster
Filed under: Wachovia Corp (WB), Washington Mutual (WM), Options

Washington Mutual (NYSE: WM), the third largest mortgage lender in the U.S. with consumer and business banking, closed at $17.99 Tuesday. WM December option implied volatility of 90 is above its 26-week average of 41 according to Track Data, suggesting larger risk.

Wachovia (NYSE: WB), a diversified financial services company, closed at $38.43. WB December option implied volatility of 48 is above its 26-week average of 31 according to Track Data, suggesting larger price risks.

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

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