Options Update: Dell (DELL), Myriad Genetics (MYGN) & UltraShort Financials ProShares (SKF)
Dell (DELL)
DELL Volatility At 34 Into April 2 Analyst Meeting
DELL is recently up $.16 to $20.07.
DELL announced the closing of its desktop manufacturing facility in Austin, Texas and is assessing ownership alternatives for Dell Financial Services.
DELL will host an analyst meeting on April 2nd.
Robert Baird says "Maintain Neutral rating following the announcement of continued restructuring actions to improve DELL's efficiency."
DELL April option implied volatility of 34 is below its 26-week average of 37, suggesting decreasing price movement.
Myriad Genetics (MYGN)
MYGN August Volatility Up Into Alzheimer's Data
MYGN is recently up $.64 to $40.93.
Phase three data for MYGN's Flurizan (in the treatment of Alzheimer's disease) is expected in June.
MYGN call option volume of 2,168 contracts compares to put volume of 1,926 contracts.
MYGN August option implied volatility of 70 is above its 26-week average of 48, suggesting larger price movement.
UltraShort Financials ProShares (SKF)
SKF April Volatility At 81; ETF Sells Off 12%
SKF is recently down $12.11 to $105.54.
SKF is an exchange traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index.
SKF call option volume of 1,503 contracts compares to put volume of 629 contracts.
SKF April option implied volatility is at 81 and May is at 75.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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