wwwPosted Oct 27th 2009 5:30PM by Paul Foster
Filed under: Options
Apollo Group (NASDAQ: APOL) was recently trading at $58.52 in after market trading, below its close of $72.97. APOL announced an informal inquiry into its revenue recognition practices. APOL November option implied volatility went out at 52, December at 45; verses its 26-week average of 49, according to Track Data, suggesting non-directional price movement.
CBOE Volatility Index: VIX was up 64 cents to 24.96.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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