Lorillard Inc (LO) $69.54 +1.62%
Lorillard (LO) is up $1.18 to $69.61 and hit session highs of $69.9 on takeover chatter Friday — Briefing. In the options market, 7,840 calls traded on the day, or about 12X the expected for midday. July 70, Aug 75, and Sep 75 calls are the most actives, as some short-term speculators hope to profit from the stock’s upward momentum. Implied volatility is moving up to 31.5, from about 29 late Thursday.
Category: All Stocks, Large Cap Stocks, Personal & Household Goods
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
