Implied Volatility Alert: MOT, NEM
09/09/09
MOT volatility low into Android smartphone launch
Motorola (MOT) closed yesterday at $7.90.
MOT's Co-CEO Sanjay Jha is expected to introduce its Android handsets on Sept. 10. He is also expected to give a keynote address at the GigaOm Mobilize conference in San Francisco on Sept. 15.
MOT September 8 straddle is priced at 62 cents.
MOT October call option implied volatility is at 54, and puts are at 51; MOT January 2010 is at 48; below its six-month average of 59, according to Track Data, suggesting decreasing price movement.
NEM volatility flat; gold above $998
Newmont Mining Corp. (NEM), the world's largest non-hedged gold producer, closed yesterday at $45.70.
Gold is recently down .10% to $998.80, according to Bloomberg.
NEM September call option implied volatility is at 47, and puts are at 55; October calls are at 45, and puts are at 51; versus its six-month average of 51, according to Track Data, suggesting non-directional price movement.
Posted at 8:55 a.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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