Time Warner (TWX) volatility elevated into AT&T (T) deal

AT&T (T) reached an agreement to acquire Time Warner (TWX) in a cash-and-stock deal valued at $107.50 per share, or about $85B, the companies announced Saturday. T reported Q3 profits of 74c on revenue of $40.9B versus the 74c and $41.15B that was expected. TWX October weekly call option implied volatility is at 55, November is at 39; compared to its 52-week range of 17 to 51.Time Warner (NYSE: TWX)

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