wwwPosted Apr 15th 2008 5:16PM by Paul Foster
Filed under: Options
Affymetrix (NASDAQ: AFFX) recently down $5.63 to $10.70 in pre-open trading:
AFFX, a micro array manufacturer, lowered its 2008 revenue guidance. Leerink Swann says "AFFX shares won't rally meaningfully for several months until investors' visibility is improved." AFFX over all option implied volatility of 51 was above its 26-week average of 46 according to Track Data, suggesting larger price fluctuations.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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