Wednesday, March 7, 2007

Is Something about to Blow At Accredited Lenders (LEND)?

Option implied volatility on Accredited (LEND) has soared to above 150 has the stock slumps and dumps.

Put option volume is running at roughly 12 to 5 against the calls today. The LEND March straddles are also priced through the roof. FWIW.


pythagoruz said...

They were downgraded to market perform by JMP Securities:

I assume they told their clients first because I couldn't find any news when the stock began to move.

Jim K said...

thanks for the heads up

ken said...

looks like LEND is recovering from what ever it's problems earlier in the day...."

Jim K said...

That might be due to the FMT buyout hopes.