Options update 1-7-08: Countrywide Financial and Motorola volatility elevated

Countrywide Financial (NYSE: CFC) is recently down 14c to $8.28 in premarket trading.

CFC February option implied volatility of 116 is above its 26-week avearge of 84 according to Track Data, suggesting larger price movement.

Motorola (NYSE: MOT) is recently down 10c to $14.95 in premarket trading.

RBC Capital Markets says: "At $15 the shares have limited downside but likewise we see limited catalysts for stock appreciation."

MOT overall option implied volatility of 35 is above its 26-week average of 31 according to Track Data, suggesting larger risk.

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

Tags: cfc, countrywide financial, CountrywideFinancial, mot, motorola, RBC Capital Markets, RbcCapitalMarkets

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