UCI chart

G

gordo

Was looking through some of the volatility lists on optionetics site, and came across the chart for UCI. On the weekly, it has just been trading in tight range for the past 5 1/2 monthes, relative to the way it traded before. Any thoughts? Looks like they have some pending lawsuits.

gordo
 
That's a flatline not a trading range. It's a takeover stock, that's why it is flatlined (i.e. the true value of the stock is known) and that's why volatility is so low.

Nothing to be made here, unless the deal brakes down.
 
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