Sunoco (NYSE: SUN), a petroleum refiner & marketer, is recently up 33 cents to $72.77.

WTI crude futures are up 3.51% to $99.35. Soleil says, "We maintain our positive outlook for the stock, expecting SUN to unlock some of value of the company via strategic actions in 2008. We reiterate our Buy rating and $94/share price target."

SUN overall option implied volatility of 36 is near its 26-week average of according to Track Data, suggesting non-directional price risks.

Volatility Index S&P 500 up 1.30 to 23.63.

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

Baidu (NASDAQ: BIDU), a Chinese-language internet search provider, is recently down $33.10 to $310.09. BIDU call option volume of 95,184 contracts compares to put volume of 67,862 contracts. BIDU October 330 straddle is priced at $35.50. BIDU November option implied volatility of 90 is above its 26-week average of 55, according to Track Data, suggesting larger price fluctuations.

Regeneron (NASDAQ: REGN), is primarily focused on the development of drugs for oncology. REGN is recently up $0.59 to $19.09. REGN October 20 calls have traded 42 times on transaction volume of 881 contracts, above its open interest of 710 contracts. REGN November call option implied volatility is at 85, puts are at 73 above its 26-week average of 56, according to Track Data, suggesting larger risk.

Volatility Index S&P 500 Options: VIX.X up 2.54 to 19.21.

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