Options Update: VMware (VMW) & AK Steel (AKS)
VMware (VMW)
VMW Volatility Low At 53 Into Goldman Downgrade
VMware (VMW) closed at $29.91. VMW was lowered to Neutral from Conviction Buy at Goldman.
VMW July and October option implied volatility of 53 is below its six-month average of 70, suggesting decreasing price fluctuations.
AK Steel (AKS)
AKS Volatility Low; Shares Up In Pre-Open On Steel Product Price Increases
AK Steel-AKS is recently trading at $19.45 in pre-open trading, above its close of $18.84. AKS announced price increases for carbon and stainless steel products.
AKS July option implied volatility is at 99, September is at 92 This is below its six-month average of 104, suggesting decreasing price movement.
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