Motorola Inc. (NYSE: MOT) volatility flat into 7/19 EPS comments on mobile devices.

• MOT will report second-quarter earnings after the close on July 19. This is after last week's pre-announcement.
  
• Nollenberger says, "We do not believe that MOT's Q2 results will impact the company's share price up or down after it reports. We do believe investors should focus on any new ideas beyond the RAZR."
  
• MOT overall option implied volatility of 28 is near its 26-week average according to Track Data, suggesting non-directional risk.

Blockbuster (NYSE: BBI) option volatility flat at 58.

• BBI, a provider of in-home movie & game entertainment, with over 8,000 stores globally, closed at $4.46.
  
• BBI appointed former 7-Eleven CEO James W. Keyes as Chairman & CEO of BBI on July 2nd.
  
• BBI overall option implied volatility of 58 is near its 26-week average according to Track Data, suggesting non-directional price risks.

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