Procter & Gamble (NYSE: PG) traded at $69.20 in pre-open trading, below its close of $71.83.
- PG reported first quarter EPS of 92 cents, up 16% on 8% sales growth.
- Smith Barney says: "A lackluster start to the fiscal year, 1Q08 helped by tax benefit."
- PG November option implied volatility of 26 is above its 26-week average of 19 according to Track Data, suggesting larger risk.
LDK Solar (NYSE: LDK) is a manufacturer of multicrystalline solar wafers.
- LDK traded at $38.50 in pre-open trading, below its close of $41.15.
- LDK announced an independent investigation into recent allegations made by LDK's former employee. LDK has said the company has correctly reported its inventories. LDK also announced the company would fully cooperate fully with an SEC inquiry.
- LDK November option implied volatility of 105 is above its 16-week average of 89 according to Track Data, suggesting larger risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.