Options Update: Perot Systems volume up into Dell's $3.9 billion acquisition

Posted Sep 21st 2009 8:00AM by Paul Foster
Filed under: Dell (DELL), Options

Dell (NASDAQ: DELL) will commence an offer to acquire Perot Systems (NYSE: PER) for $30 per share in cash. DELL expects the transaction to be accretive to DELL's GAAP earnings in its fiscal year 2012. PER options were active last week, with 2,549 contracts trading on September 18, the most active day since July 2002. PER over all option implied volatility of 48 is above its 26-week average of 36, according to Track Data, suggesting larger price movement.

Sara Lee (NYSE: SLE) closed at $10.68. SLE October option implied volatility of 34 is near its 26-week average of 36. SLE options were active on September 18 with 17,563 contracts trading according to Track Data.

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

Tags: option implied volatility, OptionImpliedVolatility, PER, Perot Systems NYSE-PER, PerotSystemsNyse-per, Sara Lee, SLE