Option Update: Retailers' volatility flat into Back to School sales (KSS, DDS, M, JCP)

Posted Sep 3rd 2008 9:25AM by Paul Foster
Filed under: Penney (J.C.) (JCP), Kohl's Corp (KSS), Options

Kohl's (NYSE: KSS) closed at $51.04 Tuesday. KSS overall option implied volatility of 46 is near its 26-week average according to Track Data, suggesting non-directional price movement.

Dillard (NYSE: DDS) closed at $13.05 Tuesday. DDS September option implied volatility of 80 is above its 26-week average of 65, indicating larger price movement.

Macy's (NYSE: M) closed at $21.62 Tuesday. M overall option implied volatility of 55 is near its 26-week average according to Track Data, suggesting non-directional price movement.

J.C. Penney (NYSE: JCP) closed at $40.63 Tuesday. JCP comparable store sales decreased 4.9% for the four-week period ended August 30, 2008, in-line with company guidance. JCP September option implied volatility of 50 is near its 26-week average, suggesting non-directional price movement.

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

Tags: dds, Dillard, J.C. Penney, J.c.Penney, jcp, kss, m, Macys, option implied volatility, OptionImpliedVolatility