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Option update 12-4-07: CMGI volatility flat as shares rally 34%

Posted Dec 4th 2007 3:24PM by Paul Foster (RSS feed)
Filed under: Options

CMGI Inc. (NASDAQ: CMGI), a company that helps businesses, is recently up $3.42 to $13.75. CMGI reported Q1 net revenue of $274 million, a decrease of 3.1% compared to last year. W.R. Hambrecht says, "We continue to believe CMGI is a compelling turnaround story." CMGI December option implied volatility of 75 is near its three-week average according to Track Data, suggesting non-directional risk.

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

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Last updated: February 11, 2012: 04:49 AM

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