BP PLC (NYSE: BP) closed at $56.64. BP is expected to announce Q3 EPS on October 27. WTI Crude futures are recently down .21% to $81.02 according to Bloomberg. BP November option implied volatility is at 26, January is at 27; below its 26-week average of 29, according to Track Data, suggesting decreasing price movement.
Home Depot (NYSE: HD) closed at $26.72. HD is expected to report Q3 EPS on November 17. HD November option implied volatility is at 27, December is at 30; below its 26-week average of 35 according to Track Data.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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