Filed under: Washington Mutual (WM), Options

Washington Mutual (NYSE: WM) is recently trading at $8.62 in pre-open trading, below its close of $10.59 Friday.

WM April option implied volatility is at 168; July is at 127; above its 18-week average of 89 according to Track Data, suggesting larger risk.

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

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