Options Update: Agrium (AGU) & Green Mountain Coffee (GMCR)
Agrium (AGU)
AGU August Puts Active On Uncertainty Of CF Industries Deal
Agrium (AGU) is recently up $.58 to $40.98.
CF Industries (CF) rejected Agrium (AGU) revised offer of $40 cash plus one share on May 15. AGU is North America's third largest fertilizer producer.
Agrium call option volume of 3,864 contracts compares to put volume of 20,087 contracts.
July and August option implied volatility of 57 is below its 26-week average of 68, suggesting decreasing price movement.
Green Mountain Coffee (GMCR)
GMCR August Volatility Elevated
Green Mountain Coffee is recently up $2.04 to $58.12.
GMCR is expected to report Q3 EPS in late July. Dougherty started GMCR at a Buy rating.
GMCR call option volume of 2,009 contracts compares to put volume of 2,331 contracts.
July call option implied volatility is at 54, puts at 59.
August calls are at 61, puts at 68, verses its six month average of 56, suggesting larger price movement into EPS.
GMCR puts are more expensive than calls because GMCR is difficult to borrow.
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