Option update: Sears & Tiffany volatility up into EPS

Posted Nov 27th 2007 11:33AM by Paul Foster
Filed under: Tiffany and Co (TIF), Sears Holdings (SHLD), Options

Sears Holding(NYSE:SHLD) is recently up $2.20 to $109.90. SHLD will report EPS on November 29. SHLD December option implied volatility is at 63, January is 54, above its 26-week average of 38 according to Track Data, suggesting larger risk.

Tiffany & Co(NYSE:TIF) is recently up 39c to $46.62. TIF will report EPS on November 30. Buckingham has a $62 price target with a Accumulate rating on TIF. TIF December 45 puts have traded 44 times on transaction volume of 2,173 contracts. TIF December option implied volatility of 45 is above its 26-week average of 37 according to Track Data, suggesting larger risk.

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

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