Filed under: Options, Bear Stearns Cos (BSC)

Bear Stearns (NYSE: BSC) is recently up $3.78 to $82.10 on renewed buyout chatter. BSC call option volume of 25,768 contracts compares to put volume of 9,600 contracts. BSC March option implied volatility of 56 is near its 12-week average, according to Track Data, suggesting non-directional price movement.

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

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