United Parcel Service (NYSE: UPS) is recently trading at $65.12 in pre-open trading, below its close of $67.34.
Fedex (NYSE: FDX) is recently down 4.6% in pre-market trading after lowering 2009 EPS guidance.
UPS July option implied volatility of 27 is above its 26-week average of 24 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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