Options Update: Solarfun Power (SOLF) & Schlumberger (SLB)
Solarfun Power (SOLF)
SOLF Volatility At 127 - Q1 2008 Revenue Up 529% From Q4 2007
SOLF, a manufacturer of PV cells and PV modules, is recently up $4.14 to $29.38 in pre-open trading.
SOLF reported Q1 EPS of $.32 verses consensus estimates of $.16.
SOLF reported Q1 net revenue of $171 million, an increase of 529% from the fourth quarter of 2007.
SOLF June option implied volatility of 127 is above its 6-month average of 98.
SLB Volatility Flat Into $130 Oil & PBR Announcement
SLB, an oil field service company, is recently trading at $107.95 in pre-open trading. This is above its close of $105.92.
Crude oil futures are recently up .95% to $130.20 according to Bloomberg.
PBR, a Brazilian oil conglomerate, announced its intent to hire 40 drilling ships and semi-submersible drilling platforms to operate in deep and ultra-deep waters.
SLB over all option implied volatility of 38 is near its 26-week average, suggesting non-directional price movement.
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