Analog Devices (NYSE: ADI), a semi-conductor company is expected to report 3Q EPS of 39 cents, according to Thomson First Call. ADI call option volume of 4,600 contracts compares to put volume of 3,460 contracts. ADI December option implied volatility of 48 is above its 26-week average of 33 according to Track Data, suggesting larger price risks.
Marvell (NASDAQ: MRVL) is expected to report Q3 EPS of .08 cents tonight according to Thomson First Call. MRVL, a manufacturer of chips for hard disk drives and networking gear, is recently up 29 cents to $16.28. MRVL call option volume of 95,527 contracts compares to put volume of 14,814 contracts. MRVL December option implied volatility of 68 is above its 26-week average of 45 according to Track Data, indicating buyers of calls are hedging for upside share price gains.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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