Monday July 16

• PDUFA date for Neurochem Inc's (NASDAQ: NRMX) Kiacta, for the treatment of Amyloid A (AA) amyloidosis.
• Alcatel-Lucent (NYSE: ALU) to host "WiMAX, making universal broadband a reality" tutorial webcast at 10am.

Tuesday July 17

• Johnson and Johnson (NYSE: JNJ) to report Q2 earnings; conference call at 8:30am.
• Intel Corporation (NASDAQ: INTC) to report Q3 earnings; conference call at 5:30pm.

Wednesday July 18

• Center for Medicare/Medicaid Service to hold Advisory Panel Meeting on Renal Artery Stents; relevant companies include Abbott Laboratories (NYSE: ABT), ev3 Inc (NASDAQ: EVVV), Boston Scientific Corporation (NYSE: BSX), CR Bard Inc (NYSE: BCR), Edwards Lifesciences Corporation (NYSE: EW) and Medtronic Inc (NYSE: MDT).
• Altria Group Inc (NYSE: MO) to report Q2 earnings; conference call at 9am.

Thursday July 19

• CardioVascular BioTherapeutics Inc (OTC: CVBT) to hold conference call at 11am to discuss the recent FDA approval of CardioVascular's Phase II Clinical Protocol for human fibroblast growth factor-1 for treatment of severe heart disease.
• Microsoft Corporation (NASDAQ: MSFT) to report Q4 earnings; conference call at 5:30pm.

Friday July 20

• Ericsson Telephone Company (NASDAQ: ERIC) to report Q2 earnings; conference call at 8am.
• Citigroup Incorporated (NYSE: C) to report Q2 earnings; conference call at 10am.

Seagate (NYSE: STX) -- July calls active at Elevated volatility on renewed Speculation. STX designs, manufactures and markets rigid disc drives. STX is up $0.09 cents to $20.94 on renewed LBO chatter. STX has a market cap of $11.2 billion and long-term debt of $1.7 billion. STX reported annual 2006 revenue of $9.2 billion. Brean Murray has a Hold rating on STX. STX call option volume of 17,889 contracts compares to put volume of 2,862 contracts. STX July option implied volatility of 41 is above its 26-week average of 34 according to Track Data, suggesting larger price risks.

Neurochem (NASDAQ: NRMX) option implied volatility suggests Risk into Data. NRMX is recently down $0.13 to $6.68. PIPR lowered its price target to $4.00 from $6.50. NRMX first phase three study of its Alzheimer treatment drug, Alzhemed is expected to be release between now and the end of the quarter. NRMX July option implied volatility is above 215 according to Track Data, indicating large price fluctuations. NRMX puts are more expensive than calls because NRMX is difficult to borrow.

Option volume leaders today are: Neurochem, Apple (NASDAQ: AAPL), Newmont Mining (NYSE: NEM) and Target (NYSE: TGT).

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

Best Buy Inc. (NYSE: BBY) -- implied volatility suggests flat risk into EPS. BBY is expected to report EPS on 6/19. Goldman Sachs Group says "quarter likely light; still like longer-term." GS goes on to say "management can blunt the blow of choppy earnings by clarifying and rationalizing its capital allocation, deploying more of the firm's cash against buybacks, and reining in its diversification initiatives." BBY over all option implied volatility of 29 is near its 26-week average of 30 according to Track Data, suggesting non-directional risk.

MasterCard Inc. (NYSE: MA) -- implied volatility reflects low risk on litigation concerns. MA, a global payment solutions company, is recently trading down $2.02 to $141.63 on litigation concerns. MA July option implied volatility of 34 is below its 26-week average of 36 according to Track Data, indicating decreasing price fluctuations.

Option volume leaders today are: Neurochem Inc. (NASDAQ: NRMX), Apple Inc. (NASDAQ: AAPL) and General Motors Corp. (NYSE: GM).

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

Monday April 16

• Citigroup Inc (NYSE: C) to report Q1 earnings; conference call at 10am.
• PDUFA date for Neurochem Inc's (NASDAQ: NRMX) Eprodisate extended from today to 7/16.

Tuesday April 17

• Senate Commerce, Science and Transportation Committee Hearing on XM Satellite Radio Holdings Inc (NASDAQ: XMSR) / Sirius Satellite Radio Inc (NASDAQ: SIRI); Webcast at 10am.
• J.C. Penney Co Inc (NYSE: JCP) 2-day Analyst Meeting.
• Technology giants International Business Machines Corporation (NYSE: IBM), Intel Corporation (NASDAQ: INTC) and Yahoo Inc (NASDAQ: YHOO) to report after the market close.

Wednesday April 18

• United Technologies Corporation (NYSE: UTX) to report Q1 earnings; conference call at 9:30am.
• Motorola Inc (NYSE: MOT) to report Q1 earnings; conference call at 5pm.

Thursday April 19

• Google Inc (NASDAQ: GOOG) to report Q1 earnings; conference call at 4:30pm.
• Advanced Micro Devices Inc (NYSE: AMD) to report Q1 earnings; conference call at 5:30pm.

Friday April 20

• Caterpillar Inc (NYSE: CAT) to report Q1 earnings; conference call at 9:30am.
• Pfizer Inc (NYSE: PFE) to hold Analyst Meeting.

Clear Channel Comm (NYSE: CCU) -- options priced as if shareholders will approve $37.60 buyout. CCU struck a deal to sell itself for $37.60 to Thomas H. Lee Partners and Bain Capital LLC in November of 2006. Two-thirds of CCU shareholders are needed to vote for the deal on 4/19 for the sale to be completed. CCU options are active today. CCU April 35 calls are priced as if CCU will be trading at $36.40 by 4/20. May, July and October are priced as if two-thirds of CCU's shareholders will approve the $37.60 sale.

Comcast (NASDAQ: CMSCK) -- option implied volatility suggests non-directional Risk into Rally. CMCSK is recently up $1.03 to $27.29. Bloomberg ran a story with a headline of "Comcast Chief Roberts says his business is 'On Fire'." CMCSK overall option implied volatility of 24 is near its 26-week average of 23 according to Track Data, suggesting non-directional risk.

Option volume leaders today are: Dendreon Corp. (NASDAQ: DNDN), Alcoa Inc. (NYSE: AA), General Electric (NYSE: GE) and Neurochem Inc. (NASDAQ: NRMX).

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

Note: The Daily Option Update is provided by Options Specialist Paul Foster of theflyonthewall.com.

Volatility Index S&P 500 Options-VIX down .14 to 10.28.

Amazon.com Inc. (NASDAQ:AMZN) - puts more active than calls as prices increase on purchase for Hedges. Amazon was trading up .71 to $38.38 around 2 p.m.. Amazon is expected to report EPS of $0.22 after the close. Lazard has a Hold rating on Amazon said on 1/31/07, "At current price levels, we believe the stock largely discounts strong growth, operating margins expansion, and improving free cash flow generation." Amazon call option volume of 43,043 contracts compares to put volume of 60,717 contracts. Amazon February option implied volatility of 58 is above its 26-week average of 39 according to Track Data, suggesting larger price fluctuations.

Neurochem Inc.'s (NASDAQ:NRMX) May option implied volatility keeps Climbing into Spring Risks. Neurochem issued a press release this morning indicating results from the first phase 3 study of NRMX's Alzhemed for the treatment of Alzheimer's disease is expected in the spring of 2007. Neurochem and partner Johnson & Johnson (NYSE:JNJ) have a PDUFA date for Kiacta for AA Amyloidosis on 4/16/07. Neurochem call option volume of 4,859 contracts compares to put volume of 5,129 contracts. Neurochem May call option implied volatility is at 152; puts are above 211 according to Track Data, indicating large price fluctuations. NRMX puts are expensive because Neurochem is difficult to borrow.

Option volume leaders today were: Altria Group Inc. (NYSE:MO), Google Inc. (NASDAQ:GOOG), Equity Office Properties Trust (NYSE:EOP), Bristol Meyers Squibb Co. (NYSE:BMY) and Sepracor Inc. (NASDAQ:SEPR).