Live Nation (NYSE: LYV), a producer of live concerts, closed at $7.19. LYV is expected to report Q3 EPS soon. LYV and Ticket master (NASDAQ: TKTM) announced a merger of equals in February 2009. Antitrust regulators have been reviewing the merger. LYV November option implied volatility is at 73, December is at 70; verses its 26-week average of 79, according to Track Data, suggesting decreasing price movement.
Ticket master closed at $10.59. TKTM November option implied volatility is at 66, December is at 63; verses its 26-week average of 73, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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