STD is recently up 16c to $8.56. STD announced on November 10ththe intention to raise $9.22 billion in capital. STD December option implied volatility of 108 is above its 26-week average of 48 according to Track Data, suggesting larger price movement.
DISCLAIMER: RED Option, in an attempt to provide the best resources from some of the industry's most capable people, has introduced our Market Minute commentary. RED Option does not endorse this commentary or information as trade recommendations nor does it have any input whatsoever into the decision making. Any content for the Market Minute is the sole opinion of the author.
