AeroVironment, Inc. - AVAV

AeroVironment (AVAV) is involved in energy systems, electric vehicle systems, and unmanned aerial vehicles. The company is a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications. AeroVironment has recently acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash. It financed the transaction entirely from available cash on hand. The company released its FY 2019 earnings on 25 June 2019.

The IV for the 30 day ATM has shot up from 42% to 69% take the straddle break even point to 14.4% before an ATM straddle premium seller can make a profit. The Put call ratio (based on Open Interest) has also shot to 21.2.