Options Update: Suntech Power (STP) & THQ Inc (THQI)
Suntech Power (STP)
STP Volatility Decreases After EPS & Outlook
STP is recently down $.61 to $45.70.
Cowen says: "Strong Q1 results should boost confidence in full year outlook."
STP will host an analyst and investor event on June 13.
STP June option implied volatility of 64 is below a level of 80 from May 21 and below its 6-month average of 73. This suggests decreasing price movement.
THQ Inc (THQI)
THQI Call Volume Heavy On Renewed Takeover Speculation
THQI is recently up $.60 to $19.75.
THQI, a developer and publisher of interactive entertainment software, is the frequent subject of buyout chatter.
THQI call option volume of 7,993 contracts compares to put volume of 1,285 contracts.
THQI June option implied volatility of 44 is near its 26-week average, suggesting non-directional movement.
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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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