Zumiez Inc. (NASDAQ: ZUMZ): a specialty retailer of action sports related apparel, footwear, equipment and accessories, this company was recently down $1.45 to $18.84. Thomas Weisel lowered its 12-month price target on ZUMZ from $32.54 to $22. ZUMZ will report December 2007 sales results on January 10th. ZUMZ January 17.5 puts have traded 52 times on transaction volume of 868 contracts, above its open interest of 189 contracts. ZUMZ January option implied volatility of 101 was above its 26-week average of 53 according to Track Data, suggesting larger risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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