wwwPosted Jan 11th 2008 8:26AM by Paul Foster
Filed under: Bank of America (BAC), Countrywide Financial (CFC), Options
Bank of America (NYSE: BAC) will pay Countrywide (NYSE: CFC) shareholders 0.1822 share of BAC for each share they own, valuing each share of CFC at $7.16. BAC February option implied volatility of 41 is above its 26-week average of 30 according to Track Data, suggesting larger risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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