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Option Update: Wachovia volatility spikes, shares at 16-year low

Posted Jun 18th 2008 12:33PM by Paul FosterPaul Foster RSS Feed
Filed under: Wachovia Corp (WB), Options


Wachovia Corp. (NYSE: WB) is recently up 57 cents to $16.60.

WB call option volume of 24,077 contracts compares to put volume of 38,787 contracts. WB July option implied volatility of 125 is above a level of 75 from June 12 and above its 26-week average of 51 according to Track Data, suggesting larger price movement.

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

Tags: option implied volatility, OptionImpliedVolatility, WB

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