Newmont Mining (NYSE: NEM) implied volatility elevated as Gold above $718.
NEM, the world's largest non-hedged gold producer, closed at $45.16. Gold is at $718.80 according to Bloomberg. NEM overall option implied volatility of 34 is above its 26-week average of 29 according to Track Data, suggesting larger price risks.
PetroChina (NYSE: PTR) volatility elevated at 38 as Warren Buffett reduces stake.
PTR, a Peoples Republic of China run petroleum and natural gas company, closed at $145.05. Dow Jones reported that Warren Buffett's Berkshire Hathaway reduced its stake in PTR to 9.72% from 10.16%. WTI Crude oil futures are down 0.03% a $78.21 a barrel according to Bloomberg. PTR overall option implied volatility of 38 is above its 26-week average option implied volatility of 30 according to Track Data, suggesting larger price risk.
Volatility Index S&P 500 Options-VIX at 25.27; 10-day moving average is 24.87.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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