Smithfield Foods SFD (news,
chart,
quote) - SFD implied volatility at 25 prior to "pork margins weakened"
SFD sees 4th quarter EPS of breakeven to .10 cents verses consensus estimates of .50 cents. SFD say's "pork margins weakened significantly in the quarter as a result of the protein oversupply in the U.S. marketplace." SFD over-all option implied volatility of 25 was near its 26-week average. Average option implied volatility suggested non-directional price fluctuations.
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