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

Volatility Index S&P 500 Options-VIX is down 2.88 to 15.44.

Hospira-(NYSE:HSP) option implied volatility Collapses as HSP rallies on 4Q performance. Hospira, a specialty pharmaceutical and medication delivery company, is recently up $2.94 to $38.84. Bank of America says "4Q EPS beat on strong topline performance." BAMO has a 12-month price target of $42 on HSP and says "company provides 2007 guidance range above consensus." HSP March option implied volatility of 22 is below its 26-week average of 32 and an over all level of 40 from yesterday according to Track Data suggesting decreasing price fluctuations.

IndyMac Bancorp-(NYSE:NDE) April option implied volatility indicates larger Risk. IndyMac Bancorp, the 7th largest savings and loan and the 9th largest mortgage originator in the nation, is recently up .77 cents to $34.26. NDE is trading near a 2-year low on challenging times being faced by the credit-mortgage and housing operating environment. NDE April option implied volatility of 51 is above its 26-week average of 33 according to Track Data, suggesting larger risk.

Option volume leaders today were: Qualcomm (NASDAQ:QCOM), Domtar (NYSE:DTC), Weyerhaeuser (NYSE:WY) & Apple Inc. (NASDAQ:AAPL).

Daily Option Update - February 28, 2007 originally appeared on BloggingStocks on Wed, 28 Feb 2007 14:40:00 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.

Volatility Index S&P 500 Options-VIX up .63 to 11.07.

New Century Financial Corp. (NYSE:NEW) implied volatility & put volume Aggressive on Subprime risk

New Century Financial is a real estate investment trust, providing mortgage products to borrowers nationwide, is recently down $1.95 to $17.29. New Century Financial sold off 35% yesterday after announcing it would restate operating results for the first three quarters of 2006. Roth Capital says, "we have no reasonable basis on which to calculate estimates of GAAP earnings, taxable income, dividends or fair value. We are, therefore, suspending our estimates, price target and rating."

New Century Financial call option volume of 16,187 contracts compares to put volume of 41,414 contracts. NEW March option implied volatility of 92 is above a level 69 from yesterday and its 26-week average of 43 according to Track Data, suggesting aggressive price fluctuations.

Continue reading Daily Option Update - February 9, 2007

Daily Option Update - February 9, 2007 originally appeared on BloggingStocks on Fri, 09 Feb 2007 17:00:00 EST. Please see our terms for use of feeds.