Option Update: Continental volatility up into capacity, fleet, staffing reductions

Posted Jun 5th 2008 8:55AM by Paul Foster
Filed under: Contl Airlines'B' (CAL), Options

Continental (NYSE: CAL) announced it plans to reduce its work force by 3,000 jobs and its Q4 domestic departures would be 16% lower than a year earlier.

CAL closed at $14.50 Wednesday. WTI Crude oil is recently up 0.20% to $122.54 according to Bloomberg.

CAL July option implied volatility of 97 is above its 26-week average of 80 according to Track Data, suggesting larger risks.

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

Tags: cal, continental airlines, ContinentalAirlines, option implied volatility, OptionImpliedVolatility

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Option Update: Continental volatility up into capacity, fleet, staffing reductions