Time Warner (TWX) volatility elevated into AT&T (T) deal

AT&T (T) reached an agreement to acquire Time Warner (TWX) in a cash-and-stock deal valued at $107.50 per share, or about $85B, the companies announced Saturday. T reported Q3 profits of 74c on revenue of $40.9B versus the 74c and $41.15B that was expected. TWX October weekly call option implied volatility is at 55, November is at 39; compared to its 52-week range of 17 to 51.Time Warner (NYSE: TWX)

You May Also Be Interested In

• Royal Caribbean to acquire 50% stake in Sandals Resorts for $3 billion
• Grab Holdings (GRAB) call put ratio 7.2 calls to 1 put with a focus on November 4 and April 6 calls, share price up 8.2%
• TripAdvisor (TRIP) call put ratio 4.6 calls to 1 put with a focus on March 9 and 12 calls