Options Update: ExxonMobil (XOM) & Rambus (RMBS)
ExxonMobil (XOM)
XOM volatility flat as oil trades above $99.
XOM is recently up $1.57 to $86.93.
Crude oil futures are up 4.22% to $99.53.
XOM March option implied volatility of 28 is near its 26-week average of 28, suggesting non-directional price fluctuations.
Rambus (RMBS)
RMBS April volatility skewed higher on claim issue expectations.
RMBS is recently up $.63 to $18.91.
RMBS has upcoming patent infringement and anti-trust claim issues.
RMBS March option implied volatility is at 65, April is at 108 and May is at 98; this is above its 26-week average of 67, 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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