Filed under: Options, Suntech Power Hldgs ADS (STP)

Suntech Power (NYSE: STP) is recently trading at $36.75 in pre-open trading, below its close of $45.89 (down 20%).

Thomas Weisel says: “First Glance at 4Q results and guidance; Weak guidance will likely pressure shares.”

STP overall option implied volatility of 73 is near its 26-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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This entry was posted on Wednesday, February 20th, 2008 at 4:10 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.