Options Update: Freeport McMoRan Volatility Flat As Shares Rally

Filed under: Sears Holdings (SHLD), Options, Freep't McMoRan Copper (FCX)

Freeport McMoRan (FCX) closed up $1.52 to $84.51. Copper prices closed up 2.54% according to Bloomberg. Overall option implied volatility of 40 is near its 26-week average of 43 according to Track Data, suggesting non-directional price movement.



Sears Holding Corporation (SHLD) closed up $3.62 to $71.77. SHLD October call option implied volatility is at 38, puts are at 54. This is versus its 26 week average of 42, according to Track Data. Active volume suggesting larger price movement. Puts are trading higher than calls on SHLD being difficult to borrow.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Freeport McMoRan Volatility Flat As Shares Rally originally appeared on BloggingStocks on Wed, 22 Sep 2010 17:40:00 EST. Please see our terms for use of feeds.

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