HomeLoanMortgageGovemerment posts

Feed

Option update: Freddie Mac and Fannie Mae volatility increases on sell off

Freddie Mac (NYSE: FRE) is recently down$10.61 to $27 after reporting a Q3 loss of $2 billion, reflecting a higher provision for credit losses and losses on mark-to-market items. FRE is considering issuing preferred, convertible or common stock. FRE is considering cutting its Q4 dividend by 50%. FRE December option implied volatility of 89 is above a level of 73 from yesterday and above its 26-week average of 36 according to Track Data, suggesting larger price fluctuations.

Fannie Mae (NYSE: FNM) is recently down $6.83 to $30.75. FNM December option implied volatility of 93 is above a level of 81 from yesterday and above its 26-month average of 36 according to Track Data, suggesting larger price fluctuations.

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

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 12, 2012: 11:53 PM

Hot Stocks

General Electric

18.875-0.255(-1.33)

Alcoa

10.29-0.35(-3.29)

Apple Inc

493.42+0.25(+0.05)

Google Inc 'A'

605.91-5.55(-0.91)

Bank of America

8.07-0.11(-1.34)

Wal-Mart Stores

61.90-0.06(-0.10)

Exxon Mobil Corp

83.80-1.08(-1.27)

Ford

12.44-0.25(-1.97)

Citigroup

32.925-0.735(-2.18)

IBM

192.42-0.71(-0.37)

Yahoo

16.14+0.14(+0.88)

Starbucks

48.82-0.38(-0.77)

Microsoft

30.495-0.275(-0.89)

Home Depot

45.33+0.06(+0.13)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329108835178 ms.