Option update: Citigroup (C) volatility elevated into EPS & 2008 outlook

Paul Foster — Thu, 11 Oct 2007 13:54:00 EST

Citigroup (NYSE: C) will report full 3Q EPS on 10/15.

On 10/1 Citigroup announced that mortgage-backed securities, credit markets and deterioration in the consumer credit environment are expected to have an adverse impact on third quarter financial results.
C is recently up 86 cents to $47.99.
C October option implied volatility is at 25, November is at 24, above its 26-week average of 22 according to Track Data, suggesting larger risk.

Hasbro (NYSE: HAS) is expected to report EPS on 10/22.

HAS is recently trading at $29.63.
BMO Capital Marketes rates HAS at Underperform with a $26 price target.
HAS November option implied volatility of 32 is above its 26-week average of 27 according to Track Data, suggesting slightly more risk.

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