Options Update: Under Armour (UA), Schlumberger (SLB), Yahoo (YHOO), XL Capital (XL) & AIG (AIG)
Under Armour (UA)
UA volatility is aggressive at 103 and the shares are down 16% in today's session. UA will report Q4 EPS on January 31. UA February option implied volatility of 103 is above its 6-month average of 54, suggesting larger price risks.
SLB January options indicate an expected 4% move going into EPS. SLB is expected to report Q4 EPS of $1.13 on January 18 according to Thomson First Call.
SLB is recently trading down $1.07 to $84.86. Calyon raised its rating on SLB to Buy from Add. WTI Crude oil is recently down 0.18% to $90.68 according to Bloomberg. SLB October 85 straddle is currently trading at $4.65. SLB February implied volatility of 46 is above its 26-week average of 36, suggesting larger price risk.
YHOO volatility is elevated (currently trading at 67) into EPS as shares near a 42-month low. YHOO is currently down $.31 to $21.64.
YHOO is expected to report EPS on January 29th. YHOO February implied volatility of 67 is above its 26-week average of 41, suggesting larger price risk.
XL Capital (XL)
XL shares are down 11% and we're seeing a corresponding spike in put volume & volatility. XL, a provider of global reinsurance coverage, is recently down $5.73 to $45.39 and will announce EPS on February 5.
XL call option volume of 1,662 contracts compares to put volume of 7,178 contracts. XL February implied volatility of 75 is above its 26-week average of 36, suggesting larger risk.
AIG put volume & volatility are elevated today as the shares are down 4% AIG is recently down $2.80 to $55.13.
AIG call options volume of 6,236 contracts compares to put volume of 15,372 contracts. AIG February implied volatility of 55 is above its 26-week average of 33, suggesting larger price fluctuations.
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