Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

Cree-CREE Options active on Hedging and Speculating prior to EPS

CREE a manufacture of semiconductors for solid state lighting is expected to report EPS of .23 cents on October 20th. CREE out of the money calls and puts are bid up on the anxiety of a EPS miss or the hopes for a EPS blowout. CREE November option implied volatility of 58 is above is 26-week average of 44. CREE intra-day call option volume of 2,471 contracts compares to intra-day put volume of 1,527 contracts. Above average option implied volatilities suggests larger price fluctuations. :