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Option update: Thornburg Mortgage volatility at 207 prior to notice of default

Posted Mar 6th 2008 9:33AM by Paul FosterPaul Foster RSS Feed
Filed under: JPMorgan Chase (JPM), Options


Thornburg Mortgage (NYSE: TMA) is recently trading at $1.64 in pre-open trading, below its close of $3.40.

TMA announced it received a letter from JP Morgan (NYSE: JPM) stating that an event of default exists after failing to meet a $28 million margin call.

RBC Capital Markets says "TMA circumstances is now likely very dire."

TMA over all option implied volatility of 207 suggested large risk

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

Tags: jpm, jpmorgan chase, JpmorganChase, option implied volatility, OptionImpliedVolatility, Thornburg Mortgage, ThornburgMortgage, tma

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Last updated: February 13, 2012: 04:49 PM

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