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Paul Foster
Chicago U.S.A. - http://

Paul Foster, a knowledgeable researcher has 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers and acquisitions.

Citigroup (NYSE: C) is recently trading at $5.59 in pre-open trading, above its close of $4.71 Thursday. C November 5 straddle is priced at $1.18, December is at $2.83. C March option implied volatility of 187 is above its 26-week average of 67 according to Track Data, suggesting larger price movement.

JP Morgan Chase (NYSE: JPM) is recently trading at $25 in pre open trading, above its close of $23.38 Thursday. JPM December option implied volatility of 140 is above its 26-week average of 61 according to Track Data, suggesting larger price movement.

Wells Fargo (NYSE: WFC) is recently trading at $23.50 in pre-open trading, above its close of $22.53 Thursday. WFC purchase of Wachovia (NYSE: WB) for 0.1991 per share of WFC is expected to close in late 2008. WFC December option implied volatility of 137 is above its 26-week average of 60 according to Track Data, suggesting larger price movement.

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

UltraShort S&P 500 (NYSE: SDS) is closed at $112.94 Wednesday. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS December option implied volatility of 140 is above its 26-week average of 58 according to Track Data, suggesting larger price movement.

UltraShort QQQ ProShares (NYSE: QID) closed at $89.25 Wednesday. QID seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ Index-100 Index. QID December option implied volatility of 139 is above its 26-week average of 75 according to Track Data, suggesting larger price movement.

UltraShort Financials ProShares (NYSE: SKF) is recently is recently up $1.67 to $224.50. SKF is an exchange traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF December option implied volatility of 185 is above its 26-week average of 95 according to Track Data, suggesting larger price movement.

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

The CBOE Volatility Index (VIX) is recently up 3.62 to 71.26, above its 500-day moving average of 20.77, 200-day moving average of 30.38, 100-day moving average of 38.09, 50-day moving average of 53.53 and 10-day average of 64.18 according to Track Data. This suggests that the market is pricing in an upcoming soft economic depression.

Yahoo Inc. (NASDAQ: YHOO) is recently down $2.10 to $9.45. Microsoft (NASDAQ: MSFT) Chief Executive Steve Ballmer said today that talks with YHOO are "finished." Ballmer remains open to a potential search deal with YHOO. YHOO December option implied volatility of 133 is above its 26-week average of 63 according to Track Data, suggesting larger price movement.

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

International Speedway (NASDAQ: ISCA), a promoter of motor sports entertainment, closed at $25.23 Tuesday. ISCA December option implied volatility of 58 is above its 26-week average of 34 according to Track Data, suggesting larger price movement.

PetsMart (NYSE: PETM), the operator of more than 1,075 pet stores, is scheduled to report Q3 EPS today. PETM closed at $15.06 Tuesday. PETM November 15 straddle is priced at $1.65, PETM December 15 straddle is priced at $3.40. PETM December option implied volatility is at 97: January is at 75; above its 26-week average of 56 according to Track Data, indicating larger near term movement.

First Solar (NYSE-FSLR) is recently down $6.56 to $104 in pre-open trading. Friedman Billings says: "Recent checks suggest that FSLR's new strategy in the U.S. market (entering the distributed, rooftop segment) is already facing headwinds." FSLR overall option implied volatility of 121 is above its 26-week average of 82 according to Track Data, suggesting larger price movement.

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

Hewlett-Packard (NYSE: HPQ) is recently trading at $32.25 in pre-open trading, above its close of $29.34 Monday. HPQ reported Q4 net revenue up 19%, or $5.3 billion, from a year ago. HPQ December option implied volatility of 74 is above its 26-week average of 41 according to Track Data, suggesting larger price movement.

ICICI Bank (NYSE: IBN), India's second largest bank IBN, closed at $15.02 Monday. IBI halved its target for growth in lending to 15% - Bloomberg. The Bombay EX 100 IDX is recently down 3.65%. IBN December option implied volatility of 132 is above its 26-week average of 80 according to Track Data, suggesting larger price fluctuations.

Gap (NYSE: GPS) closed at $10.72 Monday. GPS is scheduled to report Q3 EPS on November 20. Friedman Billings anticipates GPS will set expectations for continued weak margins and heavy promotions. GPS November 10 straddle is priced at $1.50, December 10 is at $2.75. GPS December option implied volatility of 105 is above its 26-week average of 57 according to Track Data, suggesting larger price movement.

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

ConocoPhillips (NYSE: COP) closed at $47.39 Friday. WTI crude oil futures are recently down 2.16% to $55.81 according to Bloomberg. Berkshire Hathaway reported an 84 million stake in COP. COP December option implied volatility is at 80, January is at 75; is above its 26-week average of 43 according to Track Data, suggesting larger price movement.

Eaton (NYSE: ETN) closed at $41.15 Friday. Deutsche Bank has a Hold rating on ETN. Berkshire Hathaway reported a 2.9 million stake in ETN. ETN December option implied volatility of 76 is above its 26-week average of 46 according to Track Data, suggesting larger price movement.

United Therapeutics (NYSE: UTHR) is recently down $25.90 to $64.62 in pre-open trading. UTHR ph.3 FREEDOM-C trial for oral treprostinil failed to its meet endpoint. UTHR November 90 straddle went out at $21.10, December 90 straddle is priced at $27.40 according to Track Data, suggesting large price movement.

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

Medtronic (NYSE: MDT) closed at $39.93. MDT is scheduled to report Q2 EPS on November 18. MDT November 40 straddle is priced at $3.50, December 40 is at $5.50. MDT December option implied volatility of 54 is above its 26-week average of 32 according to Track Data, suggesting larger price movement.

Covidien (NYSE: COV), a medical solutions device provider, closed at $37.07. COV is scheduled to report Q4 EPS on November 17. COV November 40 straddle is priced at $4.40, December 40 straddle is priced at $6.40. COV December option implied volatility of 58 is above its 26-week average of 32 according to Track Data, suggesting larger price movement.

Abbott Lab (NYSE: ABT) closed at $57.14. ABT December option implied volatility of 42 is above its 26-week average of 32 according to Track Data, suggesting larger price movement.

Stryker (NYSE: SYK), a medical technology company, closed at $47.70. SYK December option implied volatility of 60 is above its 26-week average of 32 according to Track Data, suggesting larger price movement.

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

AMB Property (NYSE: AMB), a global developer and owner of industrial real estate, closed at $13.25 Wednesday. Goldman Sachs says: "We remain cautious on REITS." AMB December option implied volatility of 107 is above its 8-week average of 66 according to Track Data, suggesting larger price movement.

Essex Property Trust (NYSE: ESS), a REIT with the majority of real estate consisting of apartment communities, closed at $74.33 Wednesday. ESS December option implied volatility of 81 is above its 26-week average of 51 according to Track Data, suggesting larger price movement.

AvalonBay (NYSE: AVB), an owner or indirect owner of 178 apartment communities containing 50,370 apartment homes, closed at $55.03 Wednesday. AVB December option implied volatility of 83 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.

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

Sears Holding (NYSE: SHLD) closed at $50.22 Tuesday. SHLD Q3 results are expected in late November. Deutsche Bank has a Sell rating on SHLD. SHLD December call implied volatility is at 83, puts are at 127; above its 26-week average of 53 according to Track Data, suggesting larger price movement. SHLD puts are priced higher than calls because SHLD is difficult to borrow.

Dillards (NYSE: DDS) closed at $3.86 Tuesday. DDS is expected to report earnings soon. DDS December option implied volatility of 145 is above its 26-week average of 85 according to Track Data, indicating larger price movement.

Kohl's (NYSE: KSS) closed at $30.69 Tuesday. KSS is scheduled to report Q3 financial results on November 13. Deutsche Bank has a Buy rating on KSS. KSS overall option implied volatility of 84 is above its 26-week average of 64 according to Track Data, suggesting larger price movement.

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

Dell (NASDAQ: DELL) closed at $11.86 Monday. DELL is scheduled to report Q3 EPS on November 20. DELL November 12 straddle is priced at $1.66, December 12 is at $2.40. DELL December option implied volatility of 89 is above its 26-week average of 49 according to Track Data, suggesting larger price movement.

Hewlett-Packard (NYSE: HPQ) closed at $34.17 Monday. HPQ is scheduled to announce Q4 EPS on November 24. HPQ December option implied volatility of 61 is above its 26-week average of 40 according to Track Data, suggesting larger price movement.

Apple (NASDAQ: AAPL) is recently down $1.19 to $94.69 in pre-open trading. AAPL overall option implied volatility of 68 is above its 26-week average of 55 according to Track Data, suggesting larger price movement.

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

Volatility Index S&P 500 Options-VIX at 56.09; 10-day moving average is 61.55.

NASDAQ 100-QQQQ overall implied volatility at 52; 26-week average is 37.

Financial Select Sector-XLF overall volatility at 76; 26-week average is 46.

Best Buy (NYSE: BBY) closed at $25.59. Circuit City (NYSE: CC) filed for Chapter 11. BBY December option implied volatility of 86 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.

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

Honda (NYSE: HMC) closed at $22.40 Thursday. HMC overall option implied volatility of 92 is above its 26-week average of 42 according to Track Data, suggesting larger price movement.

Toyota Motor (NYSE: TM) closed at 67.09 Thursday. TM overall option implied volatility of 70 is above its 26-week average of 39 according to Track Data, suggesting larger price movement.

Tata Motors (NYSE: TTM), an Indian car manufacturer, closed at $4.50 Thursday. TTM overall option implied volatility of 84 is above its 26-week average of 61 according to Track Data, suggesting larger price movement.

Nissan (NSADQ: NSANY) closed at $8.57 Thursday. NSANY overall option implied volatility of 76 is above its 26-week average of 49 according to Track Data, suggesting larger price movement.

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

Wells Fargo (NYSE: WFC) is recently trading at $29.85 in pre-open trading, below its close of $31.68. WFC said it would raise $10 billion, primarily through the sale of common stock to help fund its purchase of WB. WFC November option implied volatility is at 90, December is at 80; above its 26-week average of 74 according to Track Data, suggesting larger price movement.

Morgan Stanley (NYSE: MS) closed at $17.06 Wednesday. MS Novmeber and December option implied volatility of 132 is above its 26-week average of 89 Track Data, suggesting larger price movement.

JP Morgan (NYSE: JPM) is recently trading at $38.95 in pre-open trading, below its close of $39.22. JPM December option implied volatility of 62 is above its 26-week average of 50 according to Track Data, suggesting larger price movement.

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

Arcelor Mittal (NYSE: MT), a global steel producer, is recently trading at $26.90 in pre-open trading, below its close of $31.70. MT reported Q3 EPS of $2.79 verses consensus of $4.01. MT December option implied volatility of 94 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.

Mechel Steel (NYSE: MTL) closed at $9.01 Tuesday. MTL is a Russian mining, steel and power company. MTL December option implied volatility of 177 is above its 26-week average of 88 according to Track Data, suggesting larger price fluctuations.

US Steel (NYSE: X) is recently trading at $38.75 in pre-open trading, below its close of $41.17. X November option implied volatility of 97 is above its 26-week average of 71 according to Track Data, suggesting larger price movement.

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

Ford (NYSE: F) closed at $2.13 Monday. F is expected to report Q3 EPS on November 7. Deutsche Bank says: "there is no recent history of a decline of such ferocity makes us cautious about proclaiming a bottom." F overall option implied volatility of 155 is above its 26-week average of 100 according to Track Data, suggesting larger price movement.

General Motors (NYSE: GM) closed at $5.65 Monday. GM is expected to report Q3 EPS on November 7. Deutsche Bank says: "There are relatively few near term catalysts that could help stimulate an auto demand recovery." GM November 5 straddle is priced at $2.05, December is at $3.25. GM December option implied volatility of 192 is above its 26-week average of 102 according to Track Data, suggesting larger price fluctuations.

Daimler AG (NYSE: DAI) closed at $33.92 Monday. DAI December option implied volatility of 89 is above its 26-week average of 42 according to Track Data, suggesting larger price movement.

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