MetLife (NYSE: MET) volatility elevated prior to guiding 2008 estimates lower.
MET expects 2008 earnings of $5.90-6.20 vs. consensus estimates of $6.26. MET says it has no exposure to asset backed commercial paper and "virtually" no exposure to sub-prime CDOs. MET overall option implied volatility of 35 is above its 26-week average of 29 according to Track Data, suggesting larger risks.
American Capital (NASDAQ: ACAS), alternative asset management company with $19 billion in capital resources under management, closed at $37.61 Friday.
ACAS overall option implied volatility of 41 is above its 26-week avearge of 35 according to Track Data, suggesting larger risk.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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