wwwPosted Jun 6th 2008 9:09AM by Paul Foster
Filed under: Options
Focus Media (NASDAQ: FMCN), a digital media company in China, guided Q2 revenues to $190 - $195 million versus consensus of $201 million due to earthquake .
Oppenheimer says: "Effect of earthquake now greater than expected."
FMCN overall option implied volatility of 74 is above its 26-week average of 65 according to Track Data, suggesting larger price risks.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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