Barnes & Noble (BKS) Volatility Remains Elevated in Q113 Results; Sept. 12 Puts Active

August 20, 2012 3:48 PM EDT Send to a Friend
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Heading into Barnes & Noble's (NYSE: BKS) first-quarter 2013 results tomorrow morning, market data show implied volatility continues to be elevated. The Street is looking for a loss of $1.00 per share, from a loss of just 94 cents per share in the same period last year.

Volatility is down 2 percent on the session from last Friday's close, but the level is still at 230 percent of its trailing annual average. Overall, option implied volatility is at the 98 percent level.

Unusual option volume is in the September 11 and 12 put options, with volume of 2,132 and 1,550 and open interest at the two levels is 4,703 and 2,544, respectively.

Shares of Barnes & Noble are 0.4 percent better on the session.


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