wwwPosted Dec 21st 2007 4:21PM by Paul Foster
Filed under: Options
United Rentals (NYSE: URI) recently down $3.72 to $17.85:
WSJ said that the court found against URI in the Cerberus case. URI was suing Cerberus Capital Management for walking away from a $6.6 billion buyout of URI. URI January option implied volatility of 130 was above its 26-week average of 33 according to Track Data, indicating larger movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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