Implied Volatility Alert: PFE, FIG
10/12/09
PFE volatility low into EPS and pending merger with WYE
Pfizer (PFE) is recently up 8 cents to $17.
The company is expected to report Q3 EPS on Oct. 20.
Pfizer is expected to close on the acquisition of Wyeth (WYE) for $33 in cash and 0.985 of a share of PFE by the end of 2009.
PFE call option volume of 32,111 contracts compares to put volume of 2,590 contracts.
PFE October and November option implied volatility of 30 is below its 26-week average of 33, according to Track Data, suggesting decreasing price movement.
FIG options active as shares rally
Fortress Investment Group (FIG) is recently up 40 cents to $5.66.
The global alternative asset manager is expected to report Q3 EPS in November.
FIG call option volume of 5,279 contracts compares to put volume of 2,714 contracts, according to Track Data.
FIG average daily option volume is 860 contracts, according to IVolatility.
FIG overall option implied volatility is at 83, near a level of 87 from a month ago and below a 52-week high of 245 in March 2009, according to IVolatility.
Posted at 3:40 a.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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