Sunoco (NYSE: SUN), a petroleum refiner & marketer, is recently up 33 cents to $72.77.
WTI crude futures are up 3.51% to $99.35. Soleil says, "We maintain our positive outlook for the stock, expecting SUN to unlock some of value of the company via strategic actions in 2008. We reiterate our Buy rating and $94/share price target."
SUN overall option implied volatility of 36 is near its 26-week average of according to Track Data, suggesting non-directional price risks.
Volatility Index S&P 500 up 1.30 to 23.63.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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