3Com (COMS) agreed to be acquired by Hewlett-Packard (HPQ) in a deal that values 3Com at $7.90 a share, a 39% premium to Wednesday's closing price of $5.69. 3Com over-all option implied volatility of 53 is below its six-week average of 57. 3Com traded 7,957 contracts on November 11, according to Track Data. 3Com's average daily volume is 2,030 contracts according, to IVolatility.
Verisign (NASDAQ: VRSN) closed at $22.91. Verisign is scheduled to host an analyst day on November 19. November option implied volatility is at 46; December is at 43; near its 26-week average, according to Track Data, suggesting non-directional price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Why is gold marching higher? Ask the central bankers
Newspaper ad revenue of 28%, 8 quarters of double-digit drops
Closing Bell: Earnings working against stocks (BCRX, DELL, DHI, INTC, LEAP, PCS)
Add your comments