ELON, a company that provides monitoring products and systems that can save energy and lower costs, was recently up $2.82 to $29.11. ELON was a $20 stock on 8/1. On 8/8 Nollenberger Capital downgraded ELON to Neutral from Buy based on valuation. ELON September call option implied volatility was at 83; puts are at 93, above its 26-week average of 51 according to Track Data, suggesting larger risk. Puts are bid higher than calls because ELON is difficult to borrow short.

Baker Hughes Incorporated (NYSE: BHI) put volume and volatility elevated:

BHI is engaged in the oilfield service sector. BHI was recently up 70 cents to $80.11. BHI has a market cap of $25.6 billion with long term debt of $1 billion. BHI call option volume of 3,488 contracts compares to put volume of 11,120 contracts. BHI August 80 straddle is at $6. BHI September option implied volatility of 43 is above its 26-week average of 29 according to Track Data, suggesting larger risk

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

Option update 8-10-07: Echelon (ELON) volatility elevated after sharp 2-week rally originally appeared on BloggingStocks on Fri, 10 Aug 2007 16:52:00 EST. Please see our terms for use of feeds.

Note: The Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Mirant Corp. (NYSE:MIR) implied volatility Elevated at 32 as MIR trades near Record levels.

MIR is expected to report full EPS & hold a conference call on 3/5. MIR has been frequently mentioned as a potential candidate for announcing a recapitalization or a share repurchase. MIR call option volume of 1,044 contracts compares to put volume of 3,001 contracts. MIR overall option implied volatility of 32 is above its 26-week average of 26 according to Track Data, suggesting larger price risks.

New Century Financial Corp (NYSE:NEW) low cost deep OTM April & May 5 put spread trades as Hedge.

NEW, a real estate investment trust, providing mortgage products to borrowers nationwide, is recently down 37c to $15.47. NEW deep out of the money April 5 puts traded 4,715 contracts near the bid at .12 & .13 cents above its theoretical value of .01 cent. NEW deep out of the money May 5 puts traded 5,568 contracts on the offer of .40 cents above theoretical value of .04 cents according to Track Data, suggesting spreaders paying up to hedge risk.

Continue reading Daily option update - March 2, 2007

Daily option update - March 2, 2007 originally appeared on BloggingStocks on Fri, 02 Mar 2007 12:58:00 EST. Please see our terms for use of feeds.