Universal Display volatility increases on wide price movement into Q4 Universal Display March call option implied volatility is at 94, April is at 70, June is at 63; compared to its 26-week average of 55 according to Track Data. Elevated volatility suggests large price movement following reports the company will not be the exclusive supplier of green host for Samsung's (SSNLF) next generation flagship smartphone and the expected release of Q4 results on February 27.
Pangaea Logistics announces five year contract of affreightment Pangaea Logistics Solutions announced that it has entered into a five-year Contract of Affreightment for the transportation of two million tons of steel-related products. The first shipment is scheduled to commence in 2016 and the contract will provide a minimum of 570 cargo days for duration of the contract. The COA is expected to generate approximately $20M over its term. The performing vessels will be loading in the Gulf of Mexico and discharging in Central America.