Monday, November 12

• Veterans' Day holiday.
• Tyson Foods (NYSE: TSN) to report Q4 earnings. They are holding a conference call at 9am and a business update later at 10:45am.

Tuesday, November 13

• Wal-Mart Stores (NYSE: WMT) to report Q3 earnings; pre-recorded conference call at 7am.
• Home Depot (NYSE: HD) to report Q3 earnings; conference call at 9am.
• Fed Reserve Governor Randall Kroszner is the Keynote Speaker at Standard & Poor's Banking Conference in New York at 1pm.

Wednesday, November 14

• Fed Reserve Chairman Ben Bernanke is the Keynote Speaker at Cato Institute Annual Monetary Conference at 9:10am.
• Macy's (NYSE: M) to report Q3 earnings; conference call at 10:30am.

Thursday, November 15

• Charles Schwab (NASDAQ: SCHW) to hold business update conference call at 10:30am.
• Nevada District Court: Bayer (NYSE: BAY) vs. Watson Pharmaceuticals (NYSE: WPI) on Patent Infringement Lawsuit over the generic birth control drug YAZ.

Friday, November 16

• PDUFA date for Bristol Myers Squibb Company's (NYSE: BMY) Abilify.
  
• PDUFA date for Impax Laboratories' (OTC: IPXL) Vadova.

Countrywide Financial (NYSE: CFC) volatility aggressive; draws on $11.5 billion credit facility.
CFC, the largest U.S. home mortgage lender, is down to $18.99 in pre-open trading, below its close of $21.29. CFC announced "it has supplemented its funding liquidity position by drawing on an $11.5 billion credit facility." CFC September option implied volatility of 164 is above its 26-week average of 56 according to Track Data, indicating larger price fluctuations.

BHP Billiton (NYSE: BHP) implied volatility elevated at 41.
BHP, the world's biggest mining company, said there was no impact at its Atamina copper mine from Peru's largest earthquake in more than 30 years. BHP overall option implied volatility of 41 is above its 26-week average of 34 according to Track Data, suggesting larger price fluctuations.

Novartis (NYSE: NVS) implied volatility elevated at 28.
NVS, engaged in research, development, manufacture and marketing of medicines, closed at $52.17. Dow Jones reported "a tie up of NVS and Bayer (NYSE: BAY) seems unlikely, says WestLB." NVS overall option implied volatility of 28 is above its 26-week average of 23 according to Track Data, suggesting larger price risk.

Volatility Index S&P 500 Options-VIX at 30.67; 10-day moving average is 25.20.

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

More Countrywide Financial news

Peter Cohan: What the mortgage meltdown means to you
Eric Buscemi: George Bailey, meet Angelo Mozilo
Kevin Shult: Analyst downgrades: AN, CFC, DRI and RARE
Peter Cohan: Countrywide (CFC) meltdown continues
Michael Fowlkes: Countrywide Financial (CFC) adds to subprime panic
Peter Cohan: Could Countrywide Financial (CFC) be put down?
Sheldon Liber: Buy on fear today? Bear Stearns (BSC), Countrywide (CFC), IndyMac (IMB), Popular (BPOP), Washington Mutual (WM)