Option Update: SanDisk volatility elevated into hostile Samsung offer - Paul Foster

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Option Update: SanDisk volatility elevated into hostile Samsung offer
Sep 17, 2008 09:15 AM UTC

Paul Foster

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Via BloggingStocks:

Filed under: Options, SanDisk Corp (SNDK)

SanDisk (NASDAQ: SNDK) is recently trading at $22.65 in pre-open trading, above its close of $15.04. Samsung Electronics made public a $5.8 billion offer to purchase SNDK. SNDK, a supplier of flash storage cards, rejected Samsung's buyout proposal. SNDK overall option implied volatility of 79 is above its 26-week average of 63 according to Track Data, suggesting larger price movements.

Sempra Energy (NYSE: SRE), an energy company serving 29 million consumers worldwide, closed at $53.04. SRE October option implied volatility of 51 is above its 26-week average of 25 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX at 30.29; 10-day moving average is 25.31.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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