Options Update: Sun Microsystems (JAVA) & Wellpoint (WLP)

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Sun Microsystems (JAVA)
JAVA April Volatility Skewed Higher On Deal Expectations
 
Sun Microsystems is recently up $.21 to $8.15. The WSJ reported on March 18 that IBM is likely to pay between $10 and $11 per share for JAVA.

JAVA call option volume of 24,286 contracts compares to put volume of 10,312 contracts. 

JAVA April option implied volatility is at 109, July is at 75.  This is above its 6-month average if 80, suggesting larger near term price movement.
 



Wellpoint (WLP)
WLP Volatility At 64 Into House And Senate Budget Resolutions
 
Wellpoint, a health benefits company, is recently down $1.39 to $36.28. The Senate and House Budget Committees are expected to post separate budget resolutions addressing spending and revenue targets today.

WLP call option volume of 436 contracts compares to put volume of 2,886 contracts.

WLP April option implied volatility is at 64, May is at 61.  This is above its 26-week average of 55, suggesting larger price movement.



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