Options Update: Peabody Energy (BTU) & Zoltek (ZOLT)
Peabody Energy (BTU)
BTU Volatility Flat - Shares At Record High On Elevated Energy Prices
BTU, the world's largest private-sector coal company, is recently up $2.87 to $79.47.
BTU June option implied volatility of 48 is near its 6-month average, suggesting non-directional price movement.
Zoltek (ZOLT)
ZOLT Put Volatility At 66 As Shares Rally 15%
ZOLT, a manufacturer of carbon fibers that strengthen and lighten materials, is recently up $4.37 to $30.89.
ZOLT announced on May 5, 2008 that its Audit Committee has determined that its previously issued financial statements as of September 30, 2007 and for December 31, 2007 should no longer be relied upon.
ZOLT call option implied volatility is at 53, puts are at 66, near its 26-week average of 61, suggesting non-directional price risk.
ZOLT puts are priced higher than calls because ZOLT is difficult to borrow
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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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