AOL Money & Finance

Option update 2-4-08: Rio Tinto volatility elevated into Feb. 6 BHP bid deadline

Posted Feb 4th 2008 10:20AM by Paul FosterPaul Foster RSS Feed
Filed under: Alcoa Inc (AA), Options, BHP Billiton Ltd ADR (BHP)

More

Rio Tinto (NYSE: RTP), an international mining company, rejected a buyout proposal from BHP Billiton (NYSE: BHP), the world's largest mining company on November 6. BHP has until Feb. 6 to make a formal bid or walk away for at least six months, according to a U.K. takeover panel review.

Alcoa (NYSE: AA) and Aluminum Corp of China announced a 9% stake in RTP on February 1.

RTP overall option implied volatility of 64 is above its 26-week average of 53 according to Track Data, suggesting larger movement.

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

Tags: aa, alcoa, Aluminum Corp of China, AluminumCorpOfChina, bhp, bhp billiton, BhpBilliton, international mining company, InternationalMiningCompany, rio tinto, RioTinto, rtp

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 25, 2009: 05:14 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance

WalletPop Headlines