Eagle Bulk Shipping (NASDAQ: EGLE) closed at $5.27. EGLE October call option implied volatility closed at 65, puts at 71; below its 26-week average of 114, according to Track Data, suggesting decreasing price risk.
Manitowoc (NYSE: MTW) closed at $6.76. MTW, a provider of lifting equipment, will participate in the Morgan Stanly Global Industrials Unplugged Conference on September 1. MTW September option implied volatility is at 70, October is at 73; below its 26-week average of 99, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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