Options Update: Apple (AAPL) & Wachovia (WB)
AAPL Volatility Low Into 3G iPhone Launch
AAPL is recently up $3.65 to $180.70 in pre-open trading.
Goldman Sachs says: "We are adding AAPL to the Americas Conviction Buy list to capture the catalyst around the 3G iPhone launch next month."
AAPL June option implied volatility of 43 is below its 6-month average of 46, suggesting decreasing price movement.
WB Volatility At 48; Shares Near 12-Year Low
WB closed at $25.55.
WB June option implied volatility of 48 is near its 6-month average of 46, suggesting non-directional price movement.
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