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Option Update: National City volatility at 110 as board reviews strategic alternatives

Posted Apr 4th 2008 9:02AM by Paul FosterPaul Foster RSS Feed
Filed under: Options

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National City (NYSE: NCC) closed at $9.79 Thursday.

The WSJ reported Fith Third Bancorp (NYSE: FITB) is considering a bid to purchase NCC according to people familiar with the situation.

NCC announced on April 1 that its Board of Directors are reviewing a range of strategic alternatives for the company.

FITB has $110 billion in assets. NCC has $150 billion in assets.

NCC May option implied volatility of 110 is above its 26-week average of 58 according to Track Data, suggesting larger price fluctuations.

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

Tags: fifth third bancorp, FifthThirdBancorp, ftib, inthenews, natinal city, NatinalCity, ncc, option implied volatility, OptionImpliedVolatility

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Last updated: November 24, 2009: 02:31 AM

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