Options Update: Apple Options Active as Shares Rally on iPod and TV News

Posted Sep 1st 2010 5:14PM by Paul Foster
Filed under: Apple Inc (AAPL), Options, Oil

Apple (AAPL) closed up $7.50 to $250.56 as Steve Jobs announced newest Apple innovations. AAPL option volume was 231K contracts. September put option implied volatility is at 26, January is at 36, versus its 26-week average of 36, suggesting decreasing near term price movement.

Rowan Companies (RDC), a provider of contract drilling services, closed up $2.31 to $28.02. WTI Crude oil futures were recently up 2.79% to $73.93 according to Bloomberg. RDC September put option implied volatility is at 43, October is at 44, January is at 43; versus its 26-week average of 43 according to Track Data, suggesting non-directional price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: apple, inthenews, oil, options, rowan