Fannie Mae (NYSE: FNM) is down $1.23 to $27.05.
FNM is scheduled to file its 2007 Annual Report and 10-K with the SEC on February 27. Keefe Bruyette and Woods has a $25 price target on FNM. FNM call option volume of 42,880 contracts compares to put volume of 17,540 contracts. FNM March option implied volatility of 83 is above its 26-week average of 54 according to Track Data, suggesting larger price fluctuations.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.










