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Option update 10-24-07: RIMM shares at record high; CFC at 4-year low

Research in Motion (NASDAQ: RIMM) closed at a record high of $124.52.

  • RIMM and Alcatel-Lucent (NYSE: ALU) announced an agreement to distribute BlackBerry handsets in China.
  • Smith Barney says: "We continue to believe RIMM's stock price appreciation is fundamental. We reiterate our Buy rating on RIMM."
  • RIMM November option implied volatility of 59 is above its 26-week average of 48 according to Track Data, suggesting larger risk.

Countrywide Financial (NYSE: CFC), a U.S. home mortgage lender, closed at $15.05.

  • CFC is expected to report EPS on 10/26.
  • CFC November option implied volatility of 103 is above its 26-week average of 61 according to Track Data, suggesting larger risk.


Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Symbol Lookup
IndexesChangePrice
DJIA-42.9112,486.84
NASDAQ-2.072,837.31
S&P 500-0.731,319.95

Last updated: May 25, 2012: 12:58 PM

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