Options Update: CarMax (KMX) & Carnival (CCL)

Options Unusual Activity

Options Update: CarMax (KMX) & Carnival (CCL)

Posted September 22nd, 2009 by The Options Insider in Unusual Activity

CarMax (KMX)
KMX Volatility At 60 Into Q2 Revenue Increase Of 13% To $2.08B

CarMax (KMX) is recently trading at $20.77 in pre-open trading, above its close of $19.33. KMX reported Q2 EPS of 28c verses consensus estimates of 18c.

KMX October option implied volatility of 60, January is at 57, verses its six-month average 62, according to Track Data.

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Carnival (CCL)
CCL October Volatility At 52 Into CCL Raising 2009 View

Carnival (CCL) is recently trading at $33.50 in pre-open trading, above its close of $32. CCL reported Q3 net income of $1.1B, or $1.33 diluted EPS, on revenues of $4.1B.

CCL October option implied volatility is at 52, November is at 43, January is at 45. This is below its six-month average of 56, according to Track Data, suggesting decreasing price movement.

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