Options Update: Bally Tech (BYI) & Cree (CREE)
Bally Tech (BYI)
BYI March volatility increases to an elevated level of 58.
BYI is recently up $.55 to $44.92.
BYI is a designer, manufacturer and distributor of gaming machines.
BYI February 45 straddle is priced at $3.80.
BYI March option implied volatility of 58 is above its 26-week average of 47, suggesting larger risks.
Cree (CREE)
CREE spreaders active with put volatility elevated at 85.
CREE is recently up $1.16 to $30.776.
CREE is frequently subject to chatter of buyout interest from GE and PHG.
CREE is a manufacturer of semiconductors for solid state lighting.
CREE call option volume of 25,020 contracts compares to put volume of 31,977 contracts.
CREE March call option implied volatility is at 61, puts are at 85, above its 26-week average of 53, suggesting larger price fluctuations.
CREE puts are priced higher than calls because CREE is difficult to borrow.
"
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.
View Paul Foster's post archive >
