Implied Volatility Alert: PALM, GIS
09/23/09
PALM volatility low at 72 into offering
Palm (PALM) is recently trading at $17 in pre-market trading, below yesterday's close of $17.07.
PALM's 20 million share offering was priced at $16.25 a share.
Susquehanna Bank (SUSQ) initiated coverage on PALM with a "neutral" rating.
PALM October option implied volatility is at 72, and November is at 70, below its six-month average of 80, according to Track Data, suggesting decreasing price movement.
GIS volatility flat at 24 into better-than-expected EPS and higher outlook
General Mills (GIS) is recently trading at $63.65 in pre-market trading, above yesterday's close of $60.97.
The company reported Q1 EPS of $1.28 versus a consensus estimate of $1.03 and boosted guidance. GIS reported Q1 net sales increased to $3.52 billion, led by 6% growth in U.S. retail sales.
GIS October option implied volatility is at 24, and November is 23, near its 26-week average, according to Track Data, suggesting non-directional price movement.
Posted at 8:35 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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