Option Update: United Technologies and 3M volatility flat into EPS

Posted Apr 11th 2008 10:40AM by Paul Foster
Filed under: Options, United Technologies (UTX)

United Technologies (NYSE: UTX) is expected to report Q1 EPS on April 17. Deutsche Bank says "UTX remains a high-quality stock, selling at a bargain." UTX April & May option implied volatility of 27 is near its 26-week average according to Track Data, suggesting non-directional risk.

3M Company (NYSE: MMM) is recently trading at $78.71 this morning, below its close of $80.35, after GE lowered 2008 profit guidance. MMM is expected to report Q1 EPS on April 24. MMM May option implied volatility of 27 is near its 26-week average according to Track Data, suggesting non-directional risk.

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

Tags: 3M Company, 3mCompany, option implied volatility, OptionImpliedVolatility