Option update: Blue Nile volatility at 126 as shares decline 27%

Posted Feb 13th 2008 9:24AM by Paul Foster
Filed under: Options

Blue Nile (NASDAQ: NILE), a leading online retailer of diamonds and jewelry, is recently down $14.64 (or over 27%) to $39.20 in pre-open trading.

NILE management indicated Q1 consumer spending on luxury goods is looking soft, and will likely impact future results.

RBCM has a target price of $55 on NILE. NILE over all option implied volatility of 126 it above its 26-week average of 65 according to Track Data, suggesting larger price movement.

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

Tags: blue nile, BlueNile, inthenews, nile

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