Sears Holding (NASDAQ: SHLD) is recently down $10.42 to $85.75 in pre-open trading.
SHLD guided fourth-quarter and year earnings below expectations on a decrease in same-store holiday sales, lower profit margins, increased competition and unfavorable economic conditions.
SHLD overall option implied volatility of 55 is above its 26-week average of 42 according to Track Data, suggesting larger risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










