Filed under: Federal Natl Mtge (FNM), Options

Fannie Mae (NYSE: FNM) is recently up $4.99 to $27.17. Goldman Sachs lowered its 12-month price target to $16 from $24. FNM call option volume is 46,713 contracts, compared to put volume of 64,318 contracts.

FNM April option implied volatility of 98 is above its 26-week average of 58 according to Track Data, suggesting larger price risk.

The Volatility Index (VIX) is down 3.26 to 28.98.

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

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This entry was posted on Tuesday, March 18th, 2008 at 6:41 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.