Costco (NASDAQ: COST) is recently trading at $66 in pre-open trading, below its close of $72.
COST said earnings for the fourth quarter are expected to be well below the consensus estimates because of a rise from inflation, particularly as to energy costs.
COST overall option implied volatility of 32 is near its 26-week average according to Track Data, suggesting non-directional movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










