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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.

Google (NYSE: GOOG) closed at $534.74 Tuesday.

GOOG is scheduled to report Q2 EPS on July 17.

Jefferies says: "Reiterating Buy and $600 target on healthy domestic search growth.

GOOG July option implied volatility of 46 is above its 26-week average of 37 according to Track Data, suggesting large price movement.

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

General Electric (NYSE: GE) closed at $27.12, near five-year low.

GE is expected to report Q2 EPS on July 11.

GE July option implied volatility is at 38, August is at 32; above its 26-week average of 29 according to Track Data, suggesting larger price movement.

Financial Select Sector-XLF overall volatility at 41; 26-week average is 34

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

Starbucks (NASDAQ: SBUX) indicated plans to close 600 unprofitable domestic stores and incur pre-tax charges of $328-$348 million, including asset write-downs of $200 million.

Deutsche Bank says: "With US consumers still reeling and McDonalds (NYSE: MCD) on the cusp of a nationwide specialty coffee rollout, it is too early to call a bottom on fundamentals – maintain Hold."

SBUX July option implied volatility of 42 is near its 26-week average of 39 according to Track Data, suggesting non-directional price movement.

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

UnitedHealth (NYSE: UNH) lowered FY 2008 EPS view to $2.95-$3.05 from $3.55-$3.60.

UNH says: "During the second quarter, our risk-based business produced a lower level gross margin than expected."

UNH July option implied volatility of 40 is above its 26-week average of 34 according to Track Data, suggesting larger price movement.

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

Procter & Gamble (NYSE: PG) is recently up 26 cents to $61.09. PG is expected to report Q4 EPS in early August.

PG announced on June 30 that Derek Jeter, of the New York Yankees, will join Tiger Woods, Roger Federer and Thierry Henry as Gillette Champion ambassadors.

PG call option volume of 5,770 contracts compares to put volume of 38,520 contracts. PG August option implied volatility of 23 is above its 26-week average of 20 according to Track Data, suggesting price movement.

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

CIT Group (NYSE:CIT) is recently trading at $7.60 in pre-open trading, above its close of $6.81. CIT agreed to sell its home lending business to hedge fund Lone Star for $1.5 billion and its manufactured housing portfolio to Vanderbilt Mortgage and Finance Inc. for $300 million. BMO Capital say's "Although this removes one of the risks to the CIT story, we continue to view its funding risk as being paramount, particularly given CIT's $7 billion in net unfunded commitments that it must find a way to fund if drawn upon." CIT July option implied volatility of 124 is above its 26-week average of 91 according to Track Data, suggesting larger price movement.

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

Boeing (NYSE:BA) closed at $65.72. BA is expected to report Q2 EPS in late July. BA's 787 Dreamliner first delivery is expected the third quarter of 2009. BA August option implied volatility of 38 is above its 26-week average of 30 according to Track Data, suggesting larger price fluctuations.

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

Fortune Brands (NYSE:FO) is recently trading at $58.16 in pre-open trading, below its close of $62.41. FO announced a reduction to its Q2, 2008 earnings outlook on challenging consumer environment. Wachovia has a valuation range of $55 to $60. FO over all option implied volatility of 25 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

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

eBay, Inc. (NASDAQ: EBAY) closed at $27.61:

EBAY is scheduled to report Q2 EPS on July 16. Deutsche Bank say's "Listing +29% in week 13 but sellers feel the squeeze: Sell." EBAY July option implied volatility of 46 was above its 26-week average of 43 according to Track Data, suggesting larger movement.

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

Wachovia (NYSE:WB) is recently down 87c to $15.35. WB call option volume of 56,113 contracts compares to put volume of 37,393 contracts. WB July option implied volatility of 100 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.

Washington Mutual (NYSE:WM) is recently up 20c to $5.00. WM entered into a definite agreement to raise $7 billion through direct sale of securities to TPG Capital and other investors on April 8. WM call option volume of 41,183 contracts compares to put volume of 14,010 contracts. WM July and August option implied volatility of 133 is above its 26-week average of 76 according to Track Data, suggesting larger movement.

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

Myriad Genetics (NASDAQ:MYGN) is recently down $5.48 to $42.25 in pre-open trading. MYGN's Flurizan, a treatment for Alzheimer's diseases, had negative Phase 3 results. RBC Capital has a 12-month forward target of $37 on MYGN. MYGN July option implied volatility of 102 was above its 26-week average of 71 according to Track Data, suggesting larger July price movement.

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

Cleveland Cliffs (NYSE: CLF), a producer of iron ore pellets, is at $116.55 in pre-open trading, above its close of $111.32.

Deutsche Bank says "Upping PT to US $150 on strong bulks." CLF over all option implied volatility of 61 is above its 26-week average of 54 according to Track Data, indicating larger share price movement.

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

IBM Corp (NYSE:IBM) is expected to report Q2 EPS in mid-July. Cowen has a Neutral rating on IBM. IBM call option volume of 19,057 contracts compares to put volume of 38,211 contracts. IBM July option implied volatility is at 31; August is at 25. IBM average option implied volatility over the last 26-weeks is 27 according to Track Data, suggesting larger near term price movement.

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

Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $44.34.

Gold is recently up 1.07% to $924.90 according to Bloomberg. GG is scheduled to report Q2 EPS on July 31.

GG overall option implied volatility of 46 is near its 26-week average according to Track Data, suggesting non-directional price risk.

Financial Select Sector-XLF overall volatility at 39; 26-week average is 34

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

Merrill Lynch (NYSE: MER) is recently trading at $31.96 in pre-open trading, below its close of $33.05.

Lehman expects MER to post a Q2 write-down of $5.4 billion.

MER July option implied volatility of 76 is above its 26-week average of 53 according to Track Data, suggesting larger price movement.

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