Option update 4-30-07: ISE is in advanced talks with Deutsche Boerse

Alltel (NYSE: AT) volatility is Elevated as arbitrageurs wait for strategic alternatives.

AT, a customer focused communications company with operations in 36 states, has a market cap of $21 billion with long term debt of $2.7 billion.
AT is reviewing its strategic alternatives. Robert Baird says: "We believe that in an acquisition scenario that AT could fetch closer to $70 per share. However, aside from M&A potential, we believe the shares are currently trading near fair value."
AT May option implied volatility of 28 is above its 26-week average of 22 according to Track Data, suggesting larger near-term price risks.

International Securities Exchange (NYSE: ISE) volatility collapses. The company is in advanced talks.

ISE is recently up $19.08 to $64.81.
The Deutsche Boerse confirmed it is in talks to buy ISE. The ISE confirmed it is in advanced talks to sell itself.
ISE May at the money option implied volatility of 18 is below a level of 34 from last week and below its 26-week average of 41 according to Track Data, suggesting decreasing risk.

Option volume leaders today are: Apple Inc. (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Dendreon (NASDAQ: DNDN).

Daily Option Update is provided by Stock Options Specialist Paul Foster of theflyonthewall.com.

Tags: aapl, amzn, Arbitrageurs, at, dndn, International Securities Exchange, InternationalSecuritiesExchange, ISE, option implied volatility, OptionImpliedVolatility, strategic alternatives, StrategicAlternatives, The Deutsche Boerse, TheDeutscheBoerse, volatility collapses, VolatilityCollapses

#	Blogger	Posts	Cmts
1	Joseph Lazzaro	121	0
2	Tom Johansmeyer	106	3
3	Connie Madon	54	0
4	Steven Mallas	45	0
5	Tom Taulli	44	0
6	Mark Fightmaster	43	0
7	Trey Thoelcke	33	0
8	Steven Halpern	32	0
9	Melly Alazraki	27	0
10	Paul Foster	26	0
11	Zac Bissonnette	25	0
12	Brian White	24	0
13	Jim Cramer	23	0
14	Brent Archer	23	0
15	Jon Ogg	23	0
16	Elizabeth Harrow	19	0
17	Eric Buscemi	17	0
18	Sheldon Liber	13	0
19	Beth Gaston Moon	9	0
20	Michael Fowlkes	9	0

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

Other Weblogs Inc. Network blogs you might be interested in:

Skype soap opera ends as founders set to regain stake ahead of $2B sale Big LBOs are teetering, but Wall Street still planning record bonuses	Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point) Microsoft CFO Chris Liddell leaving at the end of 2009
First Look: iFlex trainer for Bowflex Magellan has worthy contender in the GPS sweepstakes Holiday Gift Guide: The Perfect iPhone Ringtone	Handbrake 0.94 transcodes DVDs even faster Steam's THQ game pack: get $400 worth of games for 50 bucks Automatically disable your touchpad while you type with TouchFreeze
Outrageous Neiman Marcus Black Friday Sale, 9-Noon Topshop Rents Out Celebrity Dresses For Good Causes Lotus Arts de Vivre Palm Stick Bag, Handbag of the Day	Google set to map the world - and push out GPS makers as a result? Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) Reid Hoffman: LinkedIn will go public (at some point)