Option update 10-11-07: Rise in Alexion (ALXN) and Sterlite (SLT) stirs higher volatility

Posted Oct 11th 2007 3:40PM by Paul Foster
Filed under: Market matters, Options, Commodities

Alexion Pharm (NYSE: ALXN) is a product developer of anti-inflammatory therapeutics, primarily for hematological and cardiovascular discords, autoimmune diseases and cancer. ALXN is recently up $1.35 to $73.81 on unconfirmed & renewed takeover chatter. ALXN has a market cap of $2.7 billion, with long-term debt of $176 million. ALXN had June 2007 total quarterly revenue of $9.6 million. ALXN November option implied volatility of 57 is above its 26-week average of 41 according to Track Data, suggesting larger risks.

Sterlite (NYSE: SLT), a non-ferrous metals and mining company based in India, is recently up $2.47 to $22.10. SLT call option volume of 3,868 contracts compares to put volume of 521 contracts. SLT November option implied volatility of 84 is above its six-week average of 51 according to Track Data, suggesting larger risk.

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

Tags: Alexion Pharm, AlexionPharm, ALXN, India, market volatility, MarketVolatility, mining, option implied volatility, OptionImpliedVolatility, options, SLT, Sterlite

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Indexes	Change	Price
DJIA	-63.57	14,015.12
NASDAQ	-39.41	2,772.20
S&P; 500	-8.06	1,554.41

Indexes

Change

Price

DJIA

-63.57

14,015.12

NASDAQ

-39.41

2,772.20

S&P; 500

-8.06

1,554.41

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