Louisiana Pacific (NYSE: LPX) closed at $6.11. LPX September option implied volatility is at 78, November is at 77; below its 26-week average of 106 according to Track Data, suggesting decreasing price movement.
Seagate (NYSE: STX) closed at $12.30. STX September 10 puts were active on August 20 with volume of 4,564 contracts. STX September option implied volatility is at 49, December is at 51; below its 26-week average of 68, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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