Options Update: General Motors December/January Call Spreaders Active on Low Volatility

Filed under: General Motors (GM), Options, Honeywell Intl (HON)

General Motors (GM) closed up 12 cents to $33.86 on active December 34 and January 35 calls with total call option volume of 27K contracts compared to 10K puts. December call option implied volatility is at 22, January is at 27, March is at 30, versus its ten-day average of 33, according to Track Data.

Honeywell (HON) announced the increase in its annual dividend by 10% to $1.33 into its 2011 outlook announcement scheduled for 9:00 AM on December 15. Overall option implied volatility of 25 is below its 26-week average of 29, according to Track Data, suggesting decreasing price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: General Motors December/January Call Spreaders Active on Low Volatility originally appeared on BloggingStocks on Sat, 11 Dec 2010 09:40:00 EST. Please see our terms for use of feeds.

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