Level 3 (LVLT) volatility comes in as shares rally on merger with CenturyLink (CTL)

October 31, 2016 12:18 PM EDT

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Level 3 Communications (NYSE: LVLT) November call option implied volatility is at 23, December is at 22; compared to its 52-week range of 23 to 53 after announcing a merger with CenturyLink (CTL).

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