Options Update: Clear Channel (CCU), America Movil (AMX) & CBOE VIX
Clear Channel (CCU)
CCU volatility spikes to 105 on concern of completion of deal.
CCU is currently down $3.16 to $30.37. Thomas H. Lee Partners and Bain Capital are expected to close on their $39.20 cash bid for CCU in early 2008.
CCU February option implied volatility of 105 is above its 26-week average of 27, suggesting larger risk.
America Movil (AMX)
AMX volatility of 64 above 26-week average of 41.
AMX, provider of wireless telecommunications service in Mexico, Argentina, Brazil, Columbia & Ecuador, is expected to report EPS in the next two-weeks.
AMX February option implied volatility of 64 is above its 26-week average of 41, suggesting larger price fluctuations.
Volatility Index S&P 500 Options (VIX)
VIX up 3.50 to 30.68; 10-day moving average is 25.36.
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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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