Options Update: Avon Products volatility elevated into global outlook

Posted Feb 2nd 2009 8:33AM by Paul Foster
Filed under: Analyst Upgrades and Downgrades, Avon Products (AVP), Options, Akamai Technologies (AKAM), Kraft Foods'A' (KFT)

Avon Products (NYSE: AVP) closed at $20.45. AVP is scheduled to report Q4 EPS on February 3. Goldman Sachs downgraded AVP to Neutral from Buy. AVP February call option implied volatility is at 68, puts are at 74, March option implied volatility is at 63; above its 26-week average of 53, according to Track Data, suggesting larger price movement.

Kraft Foods (NYSE: KFT) is scheduled to report Q4 EPS on February 4. KFT February option implied volatility of 32 is near its 26-week average according to Track Data, suggesting non-directional price movement.

Akamai (NASDAQ: AKAM) closed at $13.48. AKAM is scheduled to report Q4 EPS on February 4. Merriman Curhan raised its rating on AKAM to Buy from Neutral. AKAM February option implied volatility of 77 is above its 26-week average of 67, according to Track Data, suggesting larger price fluctuations.

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

Tags: akam, avp, inthenews, kft, option implied volatility, OptionImpliedVolatility