Carter’s (CRI) shares tumbled $6.30 to $22.14 and options volume surged to 227X the average daily after the co. delayed the release of its third quarter earnings, which was scheduled for this evening. The co. says it is completing a review of accounting for margin support to whoelsale customers. A matter arose late in the preparation of the release and more time is required. It expects to report by Nov 12. Shares are getting slammed and 16K options traded so far. The action is scattered across Nov and Dec puts and calls with strike prices ranging from 12.5 to 25. Implied volatility (average) rallied to 86.6, from 47.5 late yesterday.