Filed under: Washington Mutual (WM), Options

Washington Mutual (NYSE: WM), is recently down $3.71 to $20.51. WM call option volume of 48,936 contracts compares to put volume of 102,451 contracts. WM November 20 straddle is trading at $3.25. WM December option implied volatility of 87 is above its 26-week average of 37 according to Track Data, suggesting traders are purchasing puts to hedge against further downside risk.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Wednesday, November 7th, 2007 at 7:58 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.