Panera Bread (NASDAQ: PNRA), an owner and franchisor of 1,115 bakery-cafes, is recently up $2.28 to $45.40.
- PNRA reported that third quarter revenue increased 35% to $276 million compared to the year ago period.
- Bear Stearns says: "Sales in line; guidance narrowed up versus consensus."
- PNRA overall option implied volatility of 37 is above its 26-week average of 34 according to Track Data, suggesting slightly larger price risks.
JP Morgan (NYSE: JPM), a global financial holding company, closed at $46.78.
- Bloomberg reported: "China may prevent foreign investors from taking control of domestic brokerages, a setback to Wall Street's ambitions to tap the world's fastest-growing stock market, people familiar with the planned rules said."
- JPM is expected to report EPS on 10/17.
- JPM October option implied volatility of 30 is above its 26-week average of 26 according to Track Data, suggesting larger risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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