Google (GOOG) closed at $526.42. Three GOOG executives were convicted of violating Italian privacy laws on February 24, the first case to hold the company's executives criminally responsible for the content posted on its system. March and June option implied volatility of 22 is below its 26-week average of 27, according to Track Data, suggesting decreasing price movement.
Palm (PALM) closed at $6.53 after announcing its sees FY2010 revenue well below prior $1.6B-$1.8B view. March call option implied volatility is at 86, puts at 89, versus its 26-week average of 72 according to Track Data, suggesting larger price movement.
Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.
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