Lehman (NYSE: LEH) closed at $44.24 Wednesday.
Smith Barney says: "Mgmt has a track-record of taking share coming out of downturns and based on investments being made, this time around won't be different."
LEH June option implied volatility of 57 is near its 26-week average according to Track Data, suggesting non-directional risk.
Financial Select Sector-XLF overall volatility at 28; 26-week average is 35
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com







