Goldman Sachs Suggests Selling Premium on Textron

Goldman Sachs is out with a research note this morning, where it suggests that traders sell premium on Textron

to enhance yield. Goldman's Aerospace and Defense analyst Noah Poponak notes that management has already preannounced results for the quarter and 2011 on 14-Sept, and he does not expect the company to significantly change their outlook. The analysts noted that options, are pricing in a +/-8.5% move, elevated vs. its median 8Q move of +/-6.9%. The analysts suggest selling the Oct $18/21 strangle for $1.28. Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services globally.