Callaway Golf (NYSE: ELY) is scheduled to release Q4 EPS this afternoon.

ELY will hold an analyst meeting on February 7.

ELY overall option implied volatility of 50 is above its 26-week average of 41 according to Track Data, suggesting larger risk.

CA, Inc. (NYSE: CA), an information technology management software company, closed at $22.30 Wednesday.

Stanford Group initiated CA with a Hold rating. Stanford says: "In our opinion CA has suffered from three main problems in recent years; growth, restructuring-related disruptions, and a complex financial model that hindered visibility of its financial performance."

CA is expected to report Q3 EPS after the market close tonight. CA February option implied volatility of 43 is above its 26-week average of 28 according to Track Data, suggesting larger price risks.

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

Option update 1-31-08: Callaway Golf volatility elevated into EPS originally appeared on BloggingStocks on Thu, 31 Jan 2008 10:45:00 EST. Please see our terms for use of feeds.