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Alcan Aluminum AL (news,
chart,
quote) - AL April option implied volatility at 27, May is at 32, EPS out 5/2
AL is down .10 to $42.74. AL is expected to release EPS on 5/2. MSCO has a $51 dollar price target on AL. MSCO say's "we believe AL shares will modestly outperform the market over the next 6-12 months." AL April option implied volatility of 27 is below its 26-week average of 31. AL May option implied volatility is at 32. AL intra-day call option volume of 7,468 contracts compares to intra-day put volume of 1,219 contracts. Differential of option implied volatility between April & May indicates higher price risks after April expiration.
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