Implied Volatility Alert: ABX, HOT
09/16/09
ABX volatility at 45; gold above $1,017
Barrick Gold Corp. (ABX) is recently up 86 cents to $38.60.
Gold is recently up 1.08% to $1017.20, according to Bloomberg.
Nomura initiated a "reduce" rating on ABX.
ABX October option implied volatility is at 45, and January is at 47, versus its six-month average of 53, according to Track Data, suggesting decreasing price movement.
HOT volatility low at 49 as shares rally 5%
Starwood Hotels & Resorts Worldwide Inc. (HOT) is recently up $1.12 to $33.72.
Citigroup Global Markets has a "buy" rating on HOT with a $36 price target.
HOT overall option implied volatility of 49 is below a level of 131 on Nov. 20, 2008, and near its 52-week low, according to IVolatility, suggesting decreasing price movement.
Posted at 1:10 p.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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