US Steel(NYSE:X) is recently down $6.93 to $105.56. X reported Q3 EPS of $2.50 verses consensus estimates of $2.63. Goldman SCO say's "4Q guidance weak." X call option volume of 4,419 contracts compares to put volume of 3,214 contracts. X November option implied volatility of 45 is above its 26-week average of 40 according to Track Data, suggesting larger risk.

WellCare Health(NYSE:WCG) volatility at 179 as WCG near three-year low on investigation. WCG is recently down $2.32 to $26.31. On 10/24 The U.S. Department of Justice (DOJ) announced on 10/24/07 that law enforcement personnel with the FBI, the U.S. Office of Inspector General and Florida Attorney Generals Medicaid fraud control unit participated in the execution of a federal search warrant of WCG's Florida headquarters. WCG will report EPS on 11/5. WCG November option implied volatility of 179 is above its 26-week average of 46 according to Track Data, suggesting larger risk.

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

Option update 10-30-07: US Steel sells off EPS & Fundamentals originally appeared on BloggingStocks on Tue, 30 Oct 2007 11:45:00 EST. Please see our terms for use of feeds.