Options Update: Medtronic (MDT) & Palm (PALM)
Medtronic (MDT)
MDT June Volatility Low At 22 In Analyst Meeting
MDT closed at $50.70.
MDT is hosting its annual analyst meeting on June 2.
Goldman Sachs has a 6-month price target of $57 on MDT.
MDT June option implied volatility of 22 is below its 6-month average of 25, suggesting decreasing price movement.
Palm (PALM)
PALM Volatility Flat At 61
PALM closed at $5.88.
PALM is expected to report Q3 EPS in late June.
PALM is expected to launch Centro and Treo 800 this summer.
Elevation Partners has a 27% stake in the company.
PALM's over all option implied volatility of 61 is near its 26-week average, suggesting non-directional risk.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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