Alcoa (NYSE:AA) is recently up 18c to $36.58.
AA is scheduled to report Q1 EPS on April 7.
LME Alum futures are down 0.89% to 2893.50 according to Bloomberg.
AA is the frequent subject of buyout chatter. AA call option volume of 2,463 contracts compares to put volume of 400 contracts.
AA April option implied volatility of 53 is above its 26-week average of 43 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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