Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on May 31, 2006, 7:45 am
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NRG Energy NRG (news,
chart,
quote) - NRG implied volatility near average since rejecting MIR bid on 5/10
NRG received an unsolicited $57.16 bid on 5/10 from MIR for $7.85 billion. PRUS say's "MIR's $57.16 bid is attractive because a 33% return is difficult to ignore in the current market. However, our DCF analysis indicates that NRG's stock is worth at least $65 per share." NRG over all option implied volatility of 27 is near its 26-week average, suggesting non-directional price fluctuations.
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