Bear Stearns (NYSE: BSC) is recently down $5.08 to $64.92 on unconfirmed liquidity problems chatter.
BSC is expected to report Q1 EPS on March 20.
BSC call option volume of 12,607 contracts compares to put volume of 47,978 contracts. BSC March option implied volatility of 91 is above a level of 81 an hour ago; April option implied volatility of 78 is above a level of 62 from an hour ago. BSC average option implied volatility over the 17-weeks is 53 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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