Thursday 18 August 2011

HPQ

HPQ:Written on 18 August 2011 12.40 clock
All of fredruffy in equities, large cap stocks, Hardware & Equipment

Hewlett Packard (HPQ) saw an impressive level of around $ 34 per share and helped lift the Dow Jones Industrial Average to its worse-off level for 30 minutes before the reports of the company's spin-off its PC business, and maybe a deal is close Autonomy to buy. The story was apparently on Bloomberg TV (unconfirmed) reports. The shares were suspended and have since taken up the trade again. The gains have been lost and shares are down along with the other 29 components of the Dow. HP is off 2.4 percent to $ 30.63 and the top options is taken, the headlines have appeared before the wires. At 09:48 a customer sells 1000 August 32 sets at $ 2.84 and bought a 2000 31 August brings in $ 2.05 on ISE. The spread seems to be back to play a short-term volatility in earnings. The company reported this evening and expire after the Aug options tomorrow. In addition, a large portion of the volume into smaller lots. 139K contracts traded in HP. Typical volume is 23K by noon. Implied vols are in HP by 22 percent to 53.5.

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