Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on Mar 29, 2007, 9:39 am
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Houston Wire & Cable HWCC (news,
chart,
quote) - HWCC volatility Flat; call volume heavy on Secondary offering
HWCC offers specialty wire & cable. HWCC is recently up .78 to $27.46. HWCC announced a secondary offering of 5.5 million shares to 6.5 million shares. The price of the offering was set at $25. HWCC has a market cap of $569 million with long term debt of $12 million. HWCC reported 2006 total revenue of $323 million. HWCC call option volume of 2,275 contracts compares to put volume of 23 contracts. HWCC May option implied volatility of 47 is near its 26-week average according to Track Data, suggesting non-directional price risks.
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