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, 10:24 am
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Chicago Bridge & Iron CBI (news,
chart,
quote) - CBI implied volatility suggests low Risk on LBO speculation
CBI, an engineering, procurement and construction company, is recently up .93 to $31.49 on LBO speculation. CBI has a market cap of $3 billion, long term debt of zero with cash & short term investments of $619 million. CBI reported a business backlog of $4.4 billion on 2/28/07. CBI reported 2006 total revenue of $3.1 billion. CBI April option implied volatility of 24 is below its 26-week average of 33 according to Track Data, suggesting decreasing price risks.
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