Options update: Countrywide put volume heavy at expensive prices as downside hedge


Countrywide (NYSE: CFC) is down 51 cents $7.16. CFC July 5 puts are bid $1.40. CFC call option volume of 4,456 contracts compares to put volume of 3,978 contracts. CFC call option volume of 17,149 contracts compares to put volume of 36,487 contracts. CFC February option implied volatility of 133 is above its 26-week avearge of 85 according to Track Data, suggesting larger downside price risk.

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

Symbol Lookup
IndexesChangePrice
DJIA+74.3212,875.55
NASDAQ+25.762,929.64
S&P 500+9.271,351.91

Last updated: February 13, 2012: 01:58 PM

Hot Stocks

General Electric

19.035+0.16(+0.85)

Alcoa

10.35+0.06(+0.58)

Apple Inc

500.59+7.17(+1.45)

Google Inc 'A'

612.64+6.73(+1.11)

Bank of America

8.285+0.215(+2.66)

Wal-Mart Stores

61.87-0.03(-0.05)

Exxon Mobil Corp

84.38+0.58(+0.69)

Ford

12.575+0.135(+1.09)

Citigroup

33.35+0.425(+1.29)

IBM

192.68+0.26(+0.14)

Yahoo

16.17+0.03(+0.19)

Starbucks

49.13+0.31(+0.64)

Microsoft

30.59+0.095(+0.31)

Home Depot

45.98+0.65(+1.43)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329159503307 ms.