Philip Morris (PM) closed at $49.04. Philip Morris December option implied volatility is at 20, January is at 23, March is at 26; versus its 26-week average of 27 according to Track Data, suggesting decreasing price movement.
Carnival (CCL) closed at $31.83. Carnival is expected to report Q4 EPS on December 18. December option implied volatility is at 43; January is at 41; below its 26-week average of 48, according to Track Data, suggesting decreasing price movement after EPS.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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