Option update: GM & Ford volatility elevated on expiring UAW contract

Posted Aug 15th 2007 4:45PM by Paul Foster
Filed under: Ford Motor (F), General Mills (GIS), Options

General Motors (NYSE: GM) volatility Elevated into 9/14 UAW contract expiration. GM is recently down .10 to $32.97. The UAW's current four-year contract with all three automakers expires on September 14th. GM September option implied volatility of 45 is above its 26-week average of 39 according to Track Data, suggesting larger risk.

Ford (NYSE: F) volatility Elevated at 57 into 9/14 UAW contract expiration. F is recently up .17 to $8.24. The UAW's current four-year contract with all three automakers expires on September 14th. F over all option implied of 57 is above its 26-week average of 45 according to Track Data, suggesting larger risk.

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

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