Merrill Lynch (NYSE:MER) is recently down $1.63 to $36.04. MER call option volume of 10,479 contracts compares to put volume of 69,715 contracts. MER July option implied volatility of 77 is above its 26-week average of 51 according to Track Data, suggesting larger price movement.
H&R Block (NYSE:HRB) is recently down 46 cents to $22.66. HRB is scheduled to report Q4 EPS on June 30. HRB July 20 puts have traded 27 times on transaction volume of 10,492 contracts, above its open interest of 3,670 contracts. HRB July option implied volatility of 47 is above its 26-week average of 43 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com









