Option update: Northrop Grumman volatility low into Pentagon decision on aerial tankers

February 27th, 2008 | Category: Options

Northrop Grumman (NASDAQ: NOC) is recently up 72 cents to $80.16.

The Pentagon is expected to announce a deal valued up to $40 billion to replace 179 planes in its fleet of aerial refueling tankers on February 28 or 29. Cowen says, “Boeing’s (NYSE: BA) 767 tanker is apt to be politically favored

by the NOC/EADS A330.” NOC March option implied volatility of 21 is below its 26-week average of 23 according to Track goods, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Original post by Paul Foster

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