 |
Weyerhaeuser WY (news,
chart,
quote) - WY implied volatility suggests non-directional risk into DTC exchange
On 2/2/07 WY announced a split-off transaction in which each $1.00 worth of WY tendered will receive $1.11 worth of DTC stock. WY announced on 2/26 that security holders of DTC have voted to approve the plan to combine DTC with the fine paper business of WY, the deal is expected close in March. WY is then expected to be a buyer of its own stock and then possibly announce a more tax efficient structure for its timberlands. WY call option volume of 12,427 contracts compares to put volume of 8,133. WY over all option implied volatility of 22 is near its 26-week average according to Track Data, suggesting non-directional price risk.
|
|
|
|
