Options Update: Salesforce.com (CRM) & XM Satellite Radio (XMSR)
Salesforce.com (CRM)
CRM Volatility Flat; Shares Near Record High
CRM closed at $72.55.
CRM June option implied volatility of 53 is near its 6-month average, suggesting non-directional price movement.
XM Satellite Radio (XMSR)
XMSR Volatility Low; FCC Reviews Proposed Merger
XMSR and SIRI announced a merger of equals in February of 2007.
XMSR shareholders will receive 4.6 SIRI shares for each XMSR share.
The FCC Commissioners could rule on the proposed merger in late June or early July without a public meeting.
XMSR July option implied volatility of 68 is below its 6-month average of 82, suggesting decreasing price movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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