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, 8:13 am
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ADC Telecomm ADCT (news,
chart,
quote) - ADCT option implied volatility at 44 prior to merger deal with ANDW
ADCT is trading $19.80 in pre-opening trading, below its close of $22.37. ADCT agreed to acquire ANDW for $12.76, ADCT will pay .57 a share for each ANDW share. ADCT say's "the transaction is expected to be non-dilutive to EPS in the first year of the combined company and accretive thereafter." ADCT option implied volatility of 44 is near its 6-month average according to Track Data, indicating non-directional price risks.
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