Option Update: Clear Channel put volume heavy with elevated volatility


Clear Channel Communications, Inc. (NYSE: CCU) recently down $2.08 to $32.39:

Thomas H. Lee Partners and Bain Capital have had an outstanding $39.20 cash bid for CCU. CCU's debt placement is expected to be fulfilled this week. CCU call option volume of 36,200 contracts compared to put volume of 162,529 contracts. CCU April option implied volatility of 130 was above its 26-week average of 49 according to Track Data, suggesting larger price movement.

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

Symbol Lookup
IndexesChangePrice
DJIA+64.2212,865.45
NASDAQ+22.482,926.36
S&P 500+8.581,351.22

Last updated: February 13, 2012: 01:48 PM

Hot Stocks

General Electric

19.035+0.16(+0.85)

Alcoa

10.35+0.06(+0.58)

Apple Inc

499.58+6.16(+1.25)

Google Inc 'A'

612.46+6.55(+1.08)

Bank of America

8.295+0.225(+2.79)

Wal-Mart Stores

61.91+0.01(+0.02)

Exxon Mobil Corp

84.41+0.61(+0.73)

Ford

12.57+0.13(+1.04)

Citigroup

33.39+0.465(+1.41)

IBM

192.74+0.32(+0.17)

Yahoo

16.155+0.015(+0.09)

Starbucks

49.23+0.41(+0.84)

Microsoft

30.58+0.085(+0.28)

Home Depot

46.07+0.74(+1.63)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329158924148 ms.