Moody's (NYSE: MCO), a provider of credit ratings, closed at $21.61 Wednesday. MCO is scheduled to announce Q3 EPS on October 29. Warren Buffett's Berkshire owned a 19% stake in MCO as of December 31, 2007. MCO November call option implied volatility is at 117, puts are at 131; above its 26-week average of 58 according to Track Data, suggesting larger price movement.
USG (NYSE: USG), a building materials company, closed at $19.68 Wednesday. USG is scheduled to report Q3 EPS on October 28. Warren Buffett's Berkshire Hathaway owns 17% of USG. USG November call option implied volatility is at 71, puts are at 81; above its 26-week average of 44 according to Track Data suggesting larger price movement.
American Express (NYSE: AXP) closed at $25.02 Wednesday. Warren Buffett's Berkshire Hathaway owns a 13% stake in AXP. AXP November option implied volatility of 80 is above its 26-week average of 51 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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