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Options Update: Chesapeake Volatility Flat into Sale of Shale Assets to BHP Billiton for $4.75B

Posted Feb 23rd 2011 9:00AM by Paul Foster
Filed under: Chesapeake Energy (CHK), Options, BHP Billiton Ltd ADR (BHP)

Chesapeake Energy (CHK) announced it has agreed to sell approximately 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play to BHP Billiton (BHP) for $4.75 billion in cash before certain deductions and standard closing adjustments. Chesapeake Energy overall option implied volatility of 34 is near its 26-week average, according to Track Data, suggesting non-directional price movement.

CBOE Volatility Index (VIX) was up 27% to 20.94.

Options Update is by stock specialist Paul Foster of theflyonthewall.com.

Tags: BHP Billiton, CBOE Volatility Index, Chesapeake Energy, CHK, Fayetteville Shale, inthenews, options

Indexes	Change	Price
DJIA	-12.67	15,294.50
NASDAQ	-3.88	3,459.42
S&P 500	-4.84	1,650.51

Last updated: May 23, 2013: 04:42 PM

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