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Unusual Call Buys in Aerospace Supplier Seeing Key M&A Deal

by | Sep 8, 2021

Woodward (WWD) unusual 1600 October $125 calls opening $2.55 to $2.85, a name that trades 5 calls per day on average. WWD recently rejected a rally at trend resistance and major VPOC and sits just under the rising 200-MA, a quality name in a long weekly consolidation pattern. Bloomberg reported in May that Woodward was exploring a deal for Meggitt and TransDigm (TDG) pulled out of the process this week. WWD is an independent designer, manufacturer, and service provider of control solutions for the aerospace and industrial markets. The $7.8B company trades 29.5X Earnings, 3.5X Sales, 19.7X FCF and 16X FY22 EBITDA with double digit EBITDA growth seen the next few years.

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