Sears Holding (NASDAQ: SHLD) is recently trading up 42 cents to $87.51 as shares near 45-month low.
SHLD is scheduled to release Q1 results on May 29.
SHLD call option volume of 13,028 contracts compares to put volume of 6,312 contracts. SHLD June call option implied volatility is at 51, puts are at 57. SHLD average option implied volatility over the last 26-weeks is 45 according to Track Data, suggesting larger price movement. SHLD puts are priced higher than calls because SHLD is difficult to borrow.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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