Washington Mutual (NYSE:WM) is recently down 77c to $3.87. WM entered into a definite agreement to raise $7 billion through direct sale of securities to TPG Capital and other investors on April 8. WM call option volume of 26,995 contracts compares to put volume of 18,137 contracts. WM August option implied volatility of 177 is above its 26-week average of 91 according to Track Data, suggesting turbulent movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
7-24-2008 @ 4:40PM
gerald said...
Sell Wamu. Also sell all AIG stock it's going down down down!!!!. "AIG won't soon forget me". Tim Fowler in the tempe,Az office can kiss my bass.