Option update 10-1-07: Volatility as Apple (AAPL), Google (GOOG) and DOW rally to records
Posted by: in Goog newsFiled under: Google (GOOG), Apple Inc (AAPL), iPhone, Options, S and P 500
Apple, Inc. (NASDAQ: AAPL) was recently up $3.60 cents to $157.11.
AAPL is expected to report earnings per share (EPS) in mid-October. AAPL October option implied volatility is at 31 and November is at 39, below its 26-week average of 42 according to Track Data, suggesting decreasing price risk.
Google Inc. (NASDAQ: GOOG) was recently trading up $13.64 to $580.74.
GOOG is expected to report EPS on October 18th. GOOG October at the money 580 straddle is priced at $33.10. GOOG October option implied volatility of 31 is above its 26-week average of 27 according to Track Data, suggesting larger risk.
Volatility Index S&P 500 Options:
VIX decreased as Dow Industrials got above 14,000, down .59 to 17.39. The 10-day moving average was 18.78 according to Track Data.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.











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