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Option update: Continental volatility at 71 on renewed reports of deal talk with UAUA

Posted Feb 15th 2008 9:57AM by Paul FosterPaul Foster RSS Feed
Filed under: Deals, Contl Airlines'B' (CAL), UAL Corp (UAUA), Options, Delta Air Lines (DAL)

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Continental (NYSE: CAL) closed at $28.70 Thursday.

CAL and United Airlines (NYSE: UAUA) are in advanced negotiations and could complete a combination quickly if Delta (NYSE: DAL) and Northwest Airlines (NYSE: NWA) strike a deal, says Dow Jones.

WTI Crude oil is recently up .12% to $95.57 according to Bloomberg.

CAL March option implied volatility of 71 is above its 26-week average of 58 according to Track Data, suggesting larger price movement.

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

Tags: cal, continental airlines, ContinentalAirlines, dal, delta airlines, DeltaAirlines, inthenews, Northwest Airlines, NorthwestAirlines, nwa, option implied volatility, OptionImpliedVolatility, uaua, United Airlines, UnitedAirlines

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Last updated: November 10, 2009: 11:11 PM

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