Volatility as an asset class
Kraft (KRFT) is recently up $23.66 to $84.97 on privately held H.J. Heinz Company announcing the purchase of Kraft. Heinz shareholders will own a 51% stake in a combined company, while Kraft shareholders will hold a 49% stake and receive a special cash dividend of $16.50 per share. April option implied volatility is at 29, May is at 25; compared to its 52-week average of 16.
Peer April option implied volatility on Heinz merger agreement
Campbell Soup (CPB) is recently[...]