Motorola (NYSE: MOT) announced it has commenced a process to create two independent, publicly-traded companies, Mobile Devices and Broadband & Mobility Solutions.
MOT is recently trading at $10.33 in pre-open trading, above its close of $9.76.
MOT overall option implied volatility of 50 is above its 26-week average of 38 according to Track Data, suggesting larger movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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