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Metro PCS (PCS) Dec volatility stays elevated at 75 after EPS and outlook

November 5, 2009 10:54 AM EST
PCS Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Down Down)

Revenue Growth %: +7.6%
Metro PCS (NYSE: PCS) is recently down 46c to $6.16. PCS reported Q3 EPS of 21c up from 13c last year. PCS expects to be free cash flow breakeven by year end. PCS November option implied volatility is at 93, December is at 75; above its 26-week average of 64, PCS call option volume of 3,659 contracts compares to put volume of 1,803 contracts according to Track Data. Paul Foster

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