General Electric (NYSE: GE) is recently trading at $22.95 in pre-open trading, below its close of $24.50. GE is expected to report Q3 EPS on October 10. GE October option implied volatility is at 69, November is at 65; above its 26-week average of 31 according to Track Data, suggesting larger price movement.
SLM (NYSE: SLM), engaged in education finance, closed at $8.35. SLM October 7.5 straddle is priced at $4.25, November 7.5 straddle is priced at $5. SLM over all option implied volatility of 164 is above its 26-week average of 80 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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