Target (TGT) overall option implied volatility of 24 is near its 26-week average, according to Track Data, suggesting non-directional term price movement.
Valeant Pharmaceuticals (VRX) announced it made a proposal to the Board of Directors of Cephalon (CEPH), to acquire Cephalon for $73.00 per share in cash. Cephalon overall option implied volatility of 25 is below its 26-week average of 30, according to Track Data, suggesting decreasing price movement.
Update is by Stock Specialist Paul Foster of theflyonthewall.com
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