Scanning for Opportunities

As of the end of last week, these are the stocks with the lowest implied volatility relative to a year of trading and with sufficiently high stock price and open interest:



The following charts show the price and standard deviation of the first 20 of the list over the past year of trading:




The following charts focus on the past two months:




UVN has been on the block for a while, with litigations on top of that.

KMI is the objective of a leveraged buyout at $107.5 per share which explains the large jump in late May and the strange price action afterward.

ADRX is being acquired by Watson Pharma for $25 per share, which explains the low volatility since March.

N has been the target of an acquisition first by Phelps Dodge and later by Compania Vale do Rio Doce for $76.60 a share.

HCA is going to be taken private with a leveraged buyout at $51 a share.

Excluding the companies just mentioned, the securities that look interesting at first sight are AXP, USG, GE, PG, RAI and T.


Categories: stock options, volatility
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