Options Update: TD AmeriTrade (AMTD), Charles Schwab (SCHW), Lehman (LEH) & Fannie Mae (FNM)
TD AmeriTrade (AMTD)
AMTD April Volatility Flat At 44
AMTD is recently down $.39 to $17.86.
AMTD April option impliedvolatility of 45 is near its 26-week average of 44, suggesting non-directional price risk.
Charles Schwab (SCHW)
SCHW April Volatility Flat At 46
SCHW is recently up $.01 to $19.31.
SCHW over all option impliedvolatility of 46 is near its 26-week average of 44, suggesting non-directional movement.
Lehman (LEH)
LEH closed at $48.61.
LEH is expected to report Q1 EPS in mid-March.
Wachovia says, "If LEH can continue to demonstrate better than expected risk management, it should eventually gain multiple improvement. However, in the midst of a bear market for bonds, it very much remains a "show me" story."
LEH April option implied volatility of 64 is above its 6-month average of 51, suggesting larger price movement. Paul Foster
Fannie Mae (FNM)
FNM Put Volume And Volatility Elevated As Shares Near 12-Year Low
FNM is recently down $1.14 to $25.30.
FNM call option volume of 12,156 contracts compared to put volume of 45,687 contracts.
FNM March option implied volatility of 84 is above its 26-week average of 56, suggesting larger price risk.
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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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