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Volatility Index S&P 500 Options - VIX at 32.06; 10-day moving average is 28.60 according to Track Data.
Volatility Index NASDAQ 100 - VXN at 34.25; 10-day moving average is 30.54.
Financial Select Sector - XLF overall volatility at 38; 26-week average is 40.
Yahoo (NASDAQ: YHOO) closed at $19.89 Friday. Cowen says: "We continue to believe that Yahoo faces secular challenges beyond a likely near-term softening of the display ad market." Cowen goes on to say "we do not believe Yahoo shares offer compelling risk/reward at current levels." YHOO is expected to announce Q3 EPS on October 21. YHOO October option implied volatility of 72 is above its 26-week average of 50 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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