Options Update: DuPont and Eli Lilly calls active on dividend play

Posted Aug 12th 2009 10:20AM by Paul Foster
Filed under: duPont(E.I.)deNemours (DD), Lilly (Eli) (LLY), Options

DuPont (NYSE: DD) closed at $32.57. August 11 DD options were active on volume of 349,770 contracts into today's ex-dividend. DD August option implied volatility of 33; September is at 35; below its 26-week average 43 according to Track Data, suggesting decreasing price movement.

Eli Lilly (NYSE: LLY) closed at $33.18. LLY goes ex dividend today with a 49 cents dividend. On August 11 LLY options were active on volume of 28,953 contracts. LLY August option implied volatility is at 28, September is at 27; below its 26-week average of 31, suggesting decreasing price movement.

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

Tags: dd, ex dividend, ExDividend, inthenews, lly, option implied volatility, OptionImpliedVolatility