Research in Motion (NASDAQ-RIMM) is recently down $1.28 to $109.72 in pre-open trading.

• GSCO has a 12-month price target on RIMM. GSCO says: "We believe the prospects for growth in Latin America and Eastern Europe offers upside to our above consensus forecasts."
  
• RIMM November option implied volatility of 55 is above its 26-week average of 46 according to Track Data, suggesting larger risk.

GlobalSanta Fe (NYSE: GSF) is offshore oil and gas drilling contractor, owning or operating a drilling fleet of 37 premium jackup rigs, six heavy-duty, harsh environment jackups and 11 semisubmersibles.

• GSF is expected to report EPS on 10/31.
  
• On 7/23/07 GSF announced TransOcean (NYSE: RIG) shareholders will receive $33.03 in cash and 0.6996 shares of the combined company for each share of RIG they own. The transaction is expected to close before year end.
  
• GSF total option volume was heavy on 10/11 with 77,545 contracts trading on spreaders hedging intra-market & merger risks. GSF November option implied volatility of 35 is above its 26-week average of 31 according to Track Data, suggesting larger risk.

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