Dow Chemical DOW (news,
chart,
quote) - DOW option implied volatility near average; 1st quarter sales $12.1B
DOW reported 1st quarter EPS of $1.24 verses consensus estimates of $1.18. DBAB say's "earnings quality was as larger than normal technology licensing fees likely boosted EPS by at .20 cents, if not more." DOW option implied volatility of 22 is near its 26-weak average. Average option implied volatility suggests non-directional price fluctuations.
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