Options Update: Citigroup options suggest flat movement into EPS

Posted Oct 15th 2009 8:20AM by Paul Foster
Filed under: Citigroup Inc. (C), Options

Citigroup (NYSE: C) closed at $5.00. C is expected to report Q3 EPS today. C options were active on October 14th with 1,117,189 contracts trading. C October 5 straddle is priced at 33c, November 5 straddle is at 72c. C November option implied volatility is at 56, December is at 56, January is at 59; verses its 26-week average of 79, according to Track Data, suggesting decreasing price movement after EPS.

UAL Corp (NASDAQ: UAUA) closed at $7.82. UAUA is scheduled to report Q3 EPS on October 20. UAUA November option implied volatility is at 80, December is at 84; below its 26-week average of 111, according to Track Data, suggesting decreasing price movement.

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

Tags: option implied volatility, OptionImpliedVolatility, UAL Corp, UalCorp