Palm (NADAQ: PALM) closed at $13.94. PALM is scheduled to report Q4 EPS after the market close. July option implied volatility is at 95 below a level of 112 from June 23. PALM August volatility is at 93; versus its six-month average of 94, according to Track Data, suggesting non-directional price movement into EPS.
Google (NASDAQ: GOOG) closed at $409.30. GOOG is expected to report Q2 EPS in mid July. It has been speculated GOOG may be close to launching Google Voice, a service that lets users link all of their phones to a single number. July option implied volatility is at 39, September and December is at 34; below its 26-week average of 44, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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