Option update: Exxon (XOM), Barrick Gold (ABX) volatility up on rallies

Posted Oct 15th 2007 10:23AM by Paul Foster
Filed under: Exxon Mobil (XOM), Barrick Gold (ABX), Options

Barrick Gold Corp. (NYSE: ABX), a gold mining company, is recently up 83 cents to $43.10. ABX has a market cap of $36.5 billion. ABX is expected to report EPS on November 1. Gold is up 1.15% to $763.90 according to Bloomberg. Dow Jones reported Blackmont lowered its rating to Hold from Buy. ABX November option implied volatility of 43 is above its 26-week average of 30 according to Track Data, suggesting larger risk.

Exxon Mobil Corp. (NYSE: XOM) recently up $1.11 to $94.60. XOM will report EPS on November 1. Crude oil futures are up 1.34% to $84.81 according to Bloomberg. XOM November option implied volatility of 26 is near its 26-week average of 24 according to Track Data, suggesting slightly larger price fluctuations.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: ABX, Barrick Gold Corp., BarrickGoldCorp., Crude oil futures, CrudeOilFutures, Exxon Mobil Corp., ExxonMobilCorp., gold, XOM