Options Update: Amex Energy Select October Volatility Low; Oil Rallies to Four-Month High

Filed under: Hewlett-Packard (HPQ), Options

Crude oil futures closed up 1.99% to $81.56 according to Bloomberg. Amex Energy Select (XLE) closed up 75 cents to $56.51. October put option implied volatility is at 22, January is at 27, versus its 26-week average of 27, according to Track Data, suggesting decreasing near-term price movement.

Hewlett-Packard (HPQ) announced the election of Leo Apotheker as CEO and President and Ray Lane, Managing Partner at Kleiner Perkins Caufield & Byers, as nonexecutive chairman. Hewlett-Packard closed down $1.30 to $40.77. Overall option implied volatility of 29 is below its 26-week average of 31, according to Track Data, suggesting slightly decreasing price movement.



Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Amex Energy Select October Volatility Low; Oil Rallies to Four-Month High originally appeared on BloggingStocks on Sun, 03 Oct 2010 16:40:00 EST. Please see our terms for use of feeds.

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Kleiner Perkins Caufield & Byers - Ray Lane - BloggingStocks - Hewlett-Packard - Options

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