Options Update: US Steel (X) & Disney (DIS)
US Steel (X)
X May Volatility Low; Shares Near Record High After EPS
X is recently up $2.56 to $154.13.
KeyBanc says: "Exceptional domestic flat-rolled momentum, benefits of recent acquisitions and improving energy tubular pricing are combining with solid European momentum, resulting in further upside to our 2008 Outlook."
X May option implied volatility of 47 is below its 6-month average of 53, suggesting decreasing price risk.
Disney (DIS)
DIS May Volatility At 30 Into EPS
DIS is scheduled to report Q2 EPS on May 6.
DIS May option implied volatility of 30 is near its 6-movement average, suggesting non-directional 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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