SunPower (NASDAQ: SPWR) is recently up $2.56 to $96.14. Credit Suisse raised its estimates and price target to $100 from $77. SPWR June call option implied volatility is at 82, puts are at 95, above its 26-week average of 74 according to Track Data, suggesting decreasing risk. SPWR puts are priced higher than calls because SPWR is difficult to borrow.
Volatility Index S&P 500 Options-VIX near ten-months on market rally.
VIX down 41c to 16.07 according to Track Data.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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