Option Update: Merrill Lynch July volatility spikes on heavy put volume


Merrill Lynch (NYSE: MER) is recently down $1.25 to $36.70. John Thain, Chairman & CEO of MER is participating on a conference call today at 2:00 pm hosted by Deutsche Bank's Mike Mayo.

MER call option volume of 11,449 contracts compares to put volume of 30,405 contracts. MER June option implied volatility is at 80, July is at 71 is above its 26-week average of 49 according to Track Data, suggesting larger price movement.

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

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Last updated: February 13, 2012: 10:32 AM

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