Options Update: Star Scientific (STSI) & CarMax (KMX)
Star Scientific (STSI)
STSI 64K Options Trade As Shares Sell Off 73% After Unfavorable Patent Ruling
Star Scientific (STSI) sold off 73% to $1.09 on June 17 after a federal jury ruled against Star Scientific in a patent infringement lawsuit against R.J. Reynolds (RAI).
STSI option volume was active on 64,356 contracts.
KMX July Volatility Of 75 Suggests Flat Risk After EPS
CarMax-KMX closed at $12.61.
KMX is scheduled to announce Q1 EPS on June 19. Goldman Sachs has a 12-month price target of $12.50 on KMX.
KMX June 12.5 straddle is priced at $1.15, July is at $2.35.
KMX July option implied volatility of 77 is near its six-month average 75, suggesting non-directional price movement after EPS.
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