Options Update: Goldman Sachs Puts Active On SEC Charging Director For Insider Trading

Filed under: Goldman Sachs Group (GS), Procter and Gamble (PG), Staples Inc (SPLS), Options, PG and E Corporation (PCG)

Goldman Sachs Group, Inc. (GS) is recently down 1% due to Rajat Gupta (who served on the boards of Goldman Sachs and Procter & Gamble (PG) both), having been charged by the SEC in an insider trading scheme.



GS March 155 and 160 puts were active. March and July put option implied volatility of 27 is near its 26-week average of 29 according to Track Data. Large put volume suggests traders hedging for downside price movement.



Staples, Inc. (SPLS) March call option implied volatility is at 37, June is at 29 according to Track Data, compared to its 26-week average of 28, suggesting larger near-term movement into Q4 results on March 2.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Goldman Sachs Puts Active On SEC Charging Director For Insider Trading originally appeared on BloggingStocks on Tue, 01 Mar 2011 17:30:00 EST. Please see our terms for use of feeds.

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