Options Update: Morningstar volatility low; investor conference May 27-29

Posted May 11th 2009 7:10AM by Paul Foster
Filed under: Options

Morningstar (NASDAQ: MORN) closed at $42.31. The 21st Morningstar Investor Conference will take place at McCormick Place Convention Center in Chicago from May 27 to May 29.

Bill Gross, founder and managing director of PIMCO, will give a keynote presentation on May 28. MORN June call option implied volatility is at 43, puts are at 53; below its 26-week average of 56 according to Track Data, suggesting decreasing price risk. MORN puts are more expensive than calls because MORN is difficult to borrow.

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

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