wwwPosted May 27th 2008 8:12AM by Paul Foster
Filed under: Options
Boston Properties (NYSE: BXP) acquired the General Motors Building and a portfolio of office towers from Macklowe Properties for $3.9 billion in cash and debt.
Bank of America says: "Macklowe acquisition a Win-Win; Reiterate Buy."
BXP overall option implied volatility of 32 is near its 26-week average according to Track Data, suggesting non-directional risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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