Options Update: NYMEX (NMX)
NYMEX (NMX)
NMX volatility up at 84; CME and NMX confirmed in preliminary discussions.
CME and NMX confirmed that they are engaged in preliminary discussions regarding CME's potential acquisition of NMX.
NMX energy and metals market place is recently trading up $6.37 to $113.56.
NMX will report Q4 EPS on February 1.
NMX February option implied volatility of 84 is above its 26-week average of 39, suggesting larger risk.
CME will report EPS on February 5th.
CME February option implied volatility of 42 is above its 26-week average of 32, suggesting larger 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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