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Option Update: Office Depot (ODP) volatility elevated into Q2 outlook

Posted Jul 8th 2008 9:40AM by Paul FosterPaul Foster RSS Feed
Filed under: Office Depot (ODP), Options

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Office Depot (NYSE: ODP) is recently trading at $8.86 in pre-open trading, below its close of $10.41.

ODP announced Q2 same-store sales fell nearly 10% versus the prior year. ODP will announce Q2 EPS on July 30. ODP expects its profit margins to improve sequentially in the third and fourth quarter.

ODP July option implied volatility is at 74, August is at 69; above its 26-week average of 54 according to Track Data, suggesting larger price movement

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

Tags: odp, office depot, OfficeDepot, option implied volatility, OptionImpliedVolatility

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Last updated: November 26, 2009: 09:50 PM

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