Options Update: CNOOC Ltd (CEO) & UAL Corp (UAUA)
CNOOC Ltd (CEO)
CEO Volatility Flat As Oil Trades Above $119
CEO, as of 12/31/06, owned net proved reserves of approximately 2.53 billion barrels-of-oil.
CEO is recently down $3.32 to $176.19.
WTI Crude Futures are up 1.61% to $119.27.
CEO May option implied volatility of 47 is near its 26-week average, suggesting non-directional risk.
UAL Corp (UAUA)
UAUA Volatility Spikes To 171 As Shares Collapse 34% After EPS
UAUA is recently down $7.23 to $14.23.
UAUA call option volume of 18,082 contracts compares to put volume of 25,115 contracts.
UAUA May option implied volatility of 171 is above its 6-month average of 76, suggesting larger price movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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