Vulcan Materials (VMC) $44.91 +0.27%
Vulcan Materials (VMC) is up 4 cents to $44.83 and early options trades on the stock include a multi-exchange sweep of 1,063 Feb 45 puts for $1.80 per contract. 3,070 now traded against 106 in open interest. Data from the ISE indicate opening buyers and implied volatility in the options on VMC is up 21 percent to 41. Some investors might be hedging their bets ahead of a Feb 15 earnings report. The stock has surged 33.8 percent since Martin Marietta made an all stock hostile bid for the maker of sand, gravel, and other construction-related materials. VMC has thus far rejected the offer. Martin Marietta might shed light on its future plans when the company reports earnings tomorrow.
Category: All Stocks, Construction & Materials, Mid Cap Stocks
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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.
