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Option update: Northrop Grumman March volatility elevated into Aerial Tanker win

Posted Mar 3rd 2008 10:00AM by Paul FosterPaul Foster RSS Feed
Filed under: Options, Northrop Grumman (NOC)

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Northrop Grumman (NYSE: NOC) was trading at $83.50 in pre-open trading above its close of $78.61 on Friday.

The Pentagon announced NOC/EADS A330 aerial refueling tanker won a $35 billion contract to supply 179 midair refueling planes.

Oppenheimer says: "We are raising our price target to $95 from prior $91 as we see the initial contract, at a minimum, as $3-6 of value per share."

NOC March option implied volatility of 29 is above its 26-week average of 23 according to Track Data, suggesting larger price movement.

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

Tags: midair refueling planes, MidairRefuelingPlanes, noc, Northrop Grumman, NorthropGrumman, option implied volatility, OptionImpliedVolatility

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Last updated: November 23, 2009: 01:33 AM

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