The Thread Formerly Known as No Rest For The Wicked Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: steve susko who wrote (44261)	5/21/1999 9:27:00 PM
From: Tim Luke	Read Replies (2) of 90042

looks like ag and cs will go for 24per share each, maybe by next week (holding:.coms..osi..ag..cs..jaco) . . . . .Friday May 21, 4:59 pm Eastern Time US OPTIONS- Vols, volume perk up in AGCO CHICAGO, May 21 (Reuters) - Implied volatility and call volume perked up in options on AGCO Corp. after Business Week magazine said the agricultural equipment maker could be a takeover target. ''The volume's higher and the volatilities are higher,'' said a options strategist. Implied vols in the option traded on the Pacific Exchange jumped to about 120 percent in the June 12.5s, up from the 63- to 75-percent range seen over the last month, he said. The one-month historical volatility of the stock was about 58 percent. Volume also nearly was nearly triple its usual level. By 1428 CDT/1928 GMT, a total of about 991 calls and 226 puts had changed hands, including the expiring May options. The June 12.5 call had turnover of 277 contracts on open interest of 148 and rose 15/16 to 1-5/16. The November 10 call rose 2 to 4-1/4 on volume of 239 and open interest of 269. Business Week in its May 31 edition quoted an unidentified New York investment banker as saying a European conglomerate is mulling a $24-per-share offer for the Duluth, Ga.-based AGCO. The magazine quoted AGCO's chairman as saying the company had not received any offers. AGCO officials were not immediately available for comment. Its shares were up 1-11/16 at 12-5/16 on the New York Stock Exchange.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next