Options Update: Newmont Mining Up On Record Gold Prices

Filed under: Penney (J.C.) (JCP), Newmont Mining (NEM), Options

Newmont Mining (NEM) closed up $2.96 to $63.39. Gold is recently up 2.00% to $1,272 according to Bloomberg. NEM option volume of 26K contracts compares to put volume of 14K contracts. October put option implied volatility is at 33, December is at 34. This versus its 26-week average of 35, according to Track Data, suggesting non-directional price movement.



J.C. Penney Company, Inc. (JCP) closed up $1.66 to $23.99. JCP Chief Executive Mike Ullman told attendees at a Goldman Sachs conference that the retailer expects se see better same-store sales in Q4 than it did a year ago. JCP call option volume of 33K contracts compares to put volume of 5K contracts with short term speculation volume in September 23 and October 24 calls. October put option implied volatility is at 44, November and January is at 46. This is above its 26-week average of 42, according to Track Data, suggesting larger price movement.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Newmont Mining Up On Record Gold Prices originally appeared on BloggingStocks on Tue, 14 Sep 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















BloggingStocks - Option - Put option - Implied volatility - Call option

Full story at http://www.pheedcontent.com/click.phdo?i=7644c473ee304e23a9e51cc7f1bf2b8a