Options Update: J.C. Penney (JCP) & ICICI Bank (IBN)
J.C. Penney (JCP)
JCP Put Volatility At 72; Q2 Sees Total Sales Down 7-10%
J.C. Penney is recently trading at $25.61 in pre-open trading, below its close of $26.65.
JCP reported Q1 EPS of 11c verses consensus of 10c. JCP sees FY09 EPS of 50c-65c verses consensus of 76c.
JCP June call option implied volatility is at 66, puts are at 72. This is near its six month average of 74.
ICICI Bank (IBN)
IBN Volatility Low At 83 Into Indian General Elections Results
IBN, India's second largest bank, closed at $22.29.
Indiaís stocks rose for the first time in three days on confidence the ruling party will retain power.
IBN June option implied volatility of 83 is below its six month average of is 95, suggesting decreasing price movement.
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