Options Update: AMR Corp (AMR) & Paragon Shipping (PRGN)
AMR Corp (AMR)
AMR Volatility Elevated; Shares Near Five-Year Low On $134 Oil & Competition
AMR is recently trading at $6.50 in pre-open trading, above its close of $6.22.
WTI Crude oil is recently up 0.89% to $134.35.
AMR announced significant capacity reductions and increased fees for baggage check-in services on May 21.
AMR June option implied volatility of 138 is above its 6-month average of 86, suggesting larger price risk.
Paragon Shipping (PRGN)
PRGN Options Active, Volatility Flat At 59
PRGN, an international shipping company with eleven vessels, closed at $21.02.
PRGN option volume has been heavy over the last two trading days.
PRGN June option implied volatility of 59 is near its 5-month average, suggesting non-directional price risk.
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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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