Delta Petroleum Corp. (NASDAQ: DPTR), an oil and gas exploration and development company, recently up $3.26 to $18.60:
DPTR announced that Tracinda Corp, a private investment company of Kirk Kerkorian, will invest $684 million to acquire common stock of DPTR at $19 per share. DPTR January option implied volatility of 59 is below a level of 74 from last week and near its 26-week average of 60 according to Track Data, suggesting non-directional price fluctuations.
Volatility Index S&P 500 Options: VIX up 1.37 to 22.11.
Option volume leaders today were: XM Satellite Radio Holdings Inc. (NASDAQ: XMSR), Apple, Inc. (NASDAQ: AAPL), General Motors Corporation (NYSE: GM), Citigroup Inc. (NYSE: C) according to Track Data.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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