Options Update: Suntech Power (STP) & Red Hat (RHT)
Suntech Power (STP)
STP Volatility Of 66 At Low End Of Range
STP is recently down $.37 to $41.42.
STP will host an analyst and investor event on June 13.
STP June option implied volatility of 66 is below its 6-month average of 73, suggesting decreasing price movement.
Red Hat (RHT)
RHT Puts Active On Flat Volatility
RHT is recently down $.66 to $23.46.
RHT is expected to report Q2 EPS in late June. RHT call option volume of 4,967 contracts compares to put volume of 14,980 contracts.
RHT June and July option implied volatility of 44 is near its 26-week average of 42, suggesting non-directional price risks.
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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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