Zimmer Holdings Inc. (NYSE: ZMH) is recently up $1.22 to $83.63 on renewed and unconfirmed buyout chatter. ZMH, a leader in designing, developing, manufacturing and marketing reconstructive orthopedic surgical products, is expected to report EPS on October 25. ZMH call option volume of 5,379 contracts compares to put volume of 125 contracts. ZMH November option implied volatility of 28 is above its 26-week average of 23 according to Track Data, suggesting slightly larger price risk.

Corus Bankshares Inc. (NASDAQ: CORS) is an active commercial real estate lender nationwide, specializing in condominium, hotel, office and apartment loans. CORS had outstanding commercial real estate loans and construction commitments of $8 billion as of June 30, 2007. CORS is expected to report EPS on October 16. CORS October option implied volatility of 80 is above its 26-week average of 59 according to Track Data, suggesting larger risk.

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

Option update: Zimmer (ZMH) calls active with buyout chatter originally appeared on BloggingStocks on Wed, 10 Oct 2007 12:22:00 EST. Please see our terms for use of feeds.