Nasdaq Stock Tumbles After $10.5 Billion Buyout

NDAQ options are affordable at the moment

Deputy Editor
Jun 12, 2023 at 8:44 AM
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The shares of Nasdaq Inc (NASDAQ:NDAQ) are 8% lower premarket, after the stock exchange operator announced a $10.5 billion deal to buy software investment firm Adenza. The deal, which is expected to close within six to nine months, marks Nasdaq's biggest acquisition.

Should these premarket losses hold, NDAQ will open at just above its mid-March, year-to-date lows around $52. The shares were up 10% in the last three months off those lows, but ran into chart trouble at their 160-day moving average. Year-to-date, heading into today, NDAQ was off by 5.7%.

Short-term options traders are operating with a call-bias. This is per NDAQ's Schaeffer's put/call open interest ratio (SOIR) of 0.46, which stands lower than 95% of reading from the past year. 

For those looking to weigh in on Nasdaq stock's next move, options look affordable at the moment. This is according to NDAQ's Schaeffer's Volatility Index (SVI) reading of 19% that sits in the very low 3rd percentile of readings from the past 12-months, and implies options traders are pricing in lower-than-expected volatility expectations at the moment. 


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