Unusual Activity
Options Update: Travelers (TRV) & 3M Company (MMM)
Posted on 10/22/2009 in Unusual Activity by The Options Insider
Traveler's (TRV)
TRV Volatility Low Into EPS Beat And Quarterly Dividend Increases To $.33
Travelers-TRV closed at $48.02. TRV reported Q3 EPS of $1.61 verses consensus estimates of $1.31. TRV raised its quarterly dividend to $.33.
TRV November option implied volatility is at 32, January is at 29. This is below its six-month average of 35, according to Track Data, indicating decreasing price movement.
3M Company (MMM)
MMM Volatility Low Into Q3 Sales Of $6.2B, Decrease Year Over Year Of 5.6%
3M Company-MMM is recently trading at $77.25 in pre-open trading, above its close of $76.33. MMM reported Q3 EPS of $1.37 verses consensus estimates of $1.17.
MMM November option implied volatility is at 28, December and January volatility is at 24. This is below its six-month average of 28, according to Track Data, suggesting decreasing price movement.
Posted by The Options Insider | View more articles by The Options Insider
