Countrywide (NYSE:CFC), a U.S. home mortgage lender, is down .92 to $19.18. According to Dow Jones Source; From CFC's Chairman of the Board Angelo R Mozilo sold 139,918 shares at $20.14 for a value of $2,818,368 on 10/8/07 after exercising 139,918 shares for $9.94 for value of $1,390,785 on 10/8/07. CFC November option implied volatility of 68 is above its 26-week average of 59 according to Track Data, suggesting larger risk.

US Airways (NYSE: LCC) is recently up .95 to $31.52. Goldman Sachs upgraded LCC to Buy from Neutral and raised its price target to $36 from $33. LCC over all option implied volatility of 57 is above its 26-week average of 52 according to Track Data, suggesting slightly larger risks.

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

Option update: Countrywide (CFC) volatility still elevated; Mozilo still selling shares originally appeared on BloggingStocks on Tue, 09 Oct 2007 15:05:00 EST. Please see our terms for use of feeds.