Options Update: Barnes & Noble Volatility Elevated As Company Evaluates Strategic Alternatives

Filed under: Options, S and P 500

Barnes & Noble, Inc. (BKS) rallied today 20% after announcing that its board intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. Overall option implied volatility of 56 is above its 26-week average of 48, according to Track Data, suggesting larger price movement.



Volatility Monitor: SPDR Trust Unit +0.1% to 20.3, CBOE Russell 1000 Index -1% to 27.3, S&P 100 Index -0.5% to 18.8 according to IVolatility.



Call strikes with large percentage moves; MetroPCS Communications, Inc. (PCS) August 45 call volatility decreased 5%. priceline.com Incorporated (PCLN) August 280 call volatility decreased 23% according to IVolatility's RT Options Scanner.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Barnes & Noble Volatility Elevated As Company Evaluates Strategic Alternatives originally appeared on BloggingStocks on Wed, 04 Aug 2010 17:20:00 EST. Please see our terms for use of feeds.

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