Wachovia (NYSE: WB) is recently up 68 cents to $13.65. WB is scheduled to report Q2 EPS on July 22. WB call option volume of 50,778 contracts compares to put volume of 61,557 contracts. WB August option implied volatility of 141 is above its 26-week average of 58 according to Track Data, suggesting larger price movement.
Mid-afternoon equity option family volume leaders: Citigroup (NYSE: C), Apple (NASDAQ: AAPL) Bank of America (NYSE: BAC) and Wachovia (NYSE: WB) according to Track Data.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Reader Comments (Page 1 of 1)
7-21-2008 @ 2:59PM
jerry said...
I hope this bank crashes and burns. I appllied for a lone at this place and they turned me down. AND I have fantastic credit. I went to BofA and they offered me more than I asked for. My income was over $140k/yr and I had no loans except my home. No, Wachovia can burn in hell and I pray they this bank does just that. I move all my savings and investments to BofA since they were willing to service my needs when I needed them!
7-21-2008 @ 3:32PM
Shaun said...
That is the bank my father uses. Hope it doesn't crash.
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