Options Update: Molycorp Volatility at Elevated on Rare Earth Metal Uncertainty

Filed under: Options, Banco Santander (STD)

Molycorp (MCP) February call option implied volatility is at 81, March calls are at 74 and June is at 66, compared to its 22-week average of 67, according to Track Data, suggesting larger near-term price movement.

Banco Santander (STD) rallied 4.2% on decreasing Spanish economic uncertainty. Overall option implied volatility of 41 is near its 26-week average of 43, according to Track Data, suggesting nondirectional price movement.

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

Options Update: Molycorp Volatility at Elevated on Rare Earth Metal Uncertainty originally appeared on BloggingStocks on Sat, 22 Jan 2011 09:40:00 EST. Please see our terms for use of feeds.

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