Option update: 2-22-08; Apple volume & volatility decreases as share price near six-month low

Posted Feb 22nd 2008 2:01PM by Paul Foster
Filed under: Apple Inc (AAPL), Adobe Systems (ADBE), Options

Apple(NASDAQ:AAPL) is recently trading down $3.22 to $118.33. AAPL call option volume of 60,675 contracts compares to put volume of 35,477 contracts. AAPL March option implied volatility of 43 is below its 26-week average of 47 according to Track Data, suggesting decreasing price movement.

Life Time Fitness(NYSE:LTM) is recently down $8.14 to $32.43. LTM announced inline Q4 EPS of 48c. LTM sees FY08 EPS of $2.05-$2.08 vs. consensus of $2.19. LTM operates 71 fitness centers in 16 states. LTM May option implied volatility of 64 is above its 26-week average of 43 according to Track Data, suggesting larger price movement.

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

Tags: AAPL, Apple, Apple inc., AppleInc., Life Time Fitness, LifeTimeFitness, LTF, option implied volatility, OptionImpliedVolatility