Research in Motion (NASDAQ: RIMM) is recently up $9.14 to $109.64.
- Morgan Keegan says: "Trends still very strong; raising fiscal 2009E EPS to $2.98."
- RIMM is expected to report EPS after the close tonight.
- RIMM total option volume is heavy on 191,243 contracts trading. RIMM October option implied volatility of 49 is below a level of 87 from last night prior to EPS. RIMM average option implied volatility over the last 26-weeks is 44 according to Track Data.
SanDisk (NASDAQ: SNDK) a supplier of flash data storage card products, is recently down $0.76 to $52.43.
- SNDK is expected to report EPS on 10/18.
- Smith Barney-SBSH has a $71 price target on SNDK. SBSH said on 10/4 "contract pricing a negative, new products a partial offset."
- SNDK October option implied volatility is at 64, November is at 52, above its 26-week average of 44 according to Track Data, suggesting larger near term price risks.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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