Tuesday, October 14, 2008

Going Bi

here's a follow-up on this observation, about the potential for CDS dealer stocks to go binary:

Morgan Stanley (MS) – Implied volatility on MS option fell 20% 133.7% as its share price recovered once again. Shares stand more than 222% higher than at Friday’s darkest hour when shares traded $6.75. Today they stand at $21.75 while option traders have sent 130,000 contracts into play today. -seekingAlpha

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