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Option Update: ConAgra volatility elevated into EPS & trading divesture

Posted Mar 27th 2008 9:05AM by Paul Foster
Filed under: Earnings reports, ConAgra Foods (CAG), Options

ConAgra (NYSE: CAG) is recently trading at $23 in pre-open trading, above its close of $21.89.

CAG reported Q3 diluted EPS of 63 cents. CAG reaffirmed long-term EPS view of 8-10%. CAG agreed to sell its commodity trading and merchandising operations to Ospraire Special Opportunities fund for approximately $2.1 billion.

CAG April option implied volatility of 51 is above its 26-week average of 27 according to Track Data, suggesting larger price movement.

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

Tags: cag, ConAgra, inthenews, option implied volatility, OptionImpliedVolatility

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