wwwPosted Jul 11th 2008 10:22AM by Paul Foster
Filed under: Schlumberger Limited (SLB), Options
Schlumberger (NYSE: SLB) closed at $99.23 Thursday.
Crude oil futures are recently up 2.32% to $144.94 according to Bloomberg. SLB is expected to report Q2 EPS on July 18.
SLB August option implied volatility of 47 is above its 26-week average of 40 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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