VECO is trading $38.41, up 1.9% with IV30⢠down 2.0%. The <a href="http://www.livevol.com/">LIVEVOL⢠Pro Summary</a> is <a href="http://livevol.blogspot.com/2010/10/veco.html">in the article</a>. <img src="http://www.livevolpro.com/help/images/blog/veco_summary.gif" /> ------------------------------------------------------------------- <a href="http://www.livevolpro.com/help/free_trial.html"><img height="200" src="http://www.livevolpro.com/help/images/blog/lvp_trial_ad.gif" /></a> For a limited time we are offering a FREE real-time trial to Livevol Pro⢠for non-professional traders. You can get your trial by following the directions here: <b><a href="http://www.livevolpro.com/help/free_trial.html">Click for Free Trial Offer</a></b> ------------------------------------------------------------------- VECO designs, manufactures, markets and services enabling solutions for customers in the high brightness light emitting diode (HB LED), solar, data storage, scientific research, semiconductor and industrial markets. I found this stock using a real-time custom scan. This one hunts for low vols. <b>Custom Scan Details</b> Stock Price >= $7 >= $70 IV60⢠>= 1 IV60⢠- HV60⢠<= -8 >= -40 HV180⢠- IV60⢠>= 8 Average Option Volume <= 1,200 Industry != Bio-tech The goal with this scan is to identify intermediate-term implied vol (IV60â¢) that is depressed both to the intermediate stock movement (HV60â¢) and the long term trend in stock movement (HV180â¢). I'm also looking for a reasonable amount of liquidity in the options (thus the minimum average option volume) and want to avoid bio-techs (and their crazy vol). The VECO Charts Tab is included (<a href="http://livevol.blogspot.com/2010/10/veco.html">in the article</a>). The top portion is the stock price, the bottom portion is the vol: IV60⢠- yellow vs HV60⢠- blue vs HV180⢠- pink). <img src="http://www.livevolpro.com/help/images/blog/veco_charts.gif" width="600" /> We can see: IV60â¢: 38.41 HV60â¢: 67.13 HV180â¢: 68.14 So, IV60⢠is substantially depressed relative to the intermediate term and long term realized movement of the stock. Finally, let's look to the Options Tab (<a href="http://livevol.blogspot.com/2010/10/veco.html">in the article</a>). <b>Possible Trades to Analyze</b> I think it's a reasonable bet that VECO moves away from $38 in the next month and a half. Any call or put spread that has MaxGain:MaxLoss better than 1:1 seems ok. Similar bets in Nov also seem reasonable. Stuff like: For delta bets:Nov 36/38 put spread, Nov 38/40 call spread. More pure vol: Creative Dec spreads (maybe even 1x2). It's nice that there are a lot of strikes here for some creative spreads, but don't "commission yourself to death" getting too complicated and trading too many strikes. This is trade analysis, not a recommendation. <b>Follow Live Trades and Order Flow on Twitter: @Livevol_Pro</b> Details, trades, prices, vols, skews, charts here: <a href="http://livevol.blogspot.com/2010/10/veco.html">http://livevol.blogspot.com/2010/10/veco.html</a> Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>