Options Update: OSI Systems Volatility Flat on Airport Body Scanner Controversy

OSI Systems OSIS, one of the two companies licensed to sell full-body scanners to the Transportation Security Administration, is recently down 63 cents to $35.25. Overall option implied volatility of 34 is near its 26-week average of 35, according to Track Data, suggesting non-directional price movement. J.Crew JCG announced that it has entered into a definitive agreement to be acquired by funds affiliated with TPG Capital and Leonard Green & Partners. Millard Drexler will continue as Chairman and CEO and maintain a significant equity investment in J.Crew. Under the terms of the agreement, holders of the outstanding common shares of J.Crew will receive $43.50 per share in cash, or a total of approximately $3 billion. Continue reading the article.