Assured Guaranty (NYSE: AGO) closed at $25.65 Friday.
Wilbur Ross announced on Feb. 29 the agreement to purchase $250 million of AGO common stock as well as a commitment to purchase up to $750 million additional shares at AGO's option for one year after the closing of the initial investment at 97% of the volume weighted average price of the common shares for the 15 days prior to the notice of investment.
AGO is a Bermuda-based holding company that provides credit enhancement products.
AGO overall option implied volatility of 54 is below its 26-week average of 64 according to Track Data, suggesting decreasing risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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