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Option update: Newmont Mining volatility flat as gold rallies 2.3% to $988

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Newmont Mining (NYSE: NEM), the world's largest non-hedged gold producer, is recently up $1.53 to $51.63. Gold is recently up 2.31% to $988.60, according to Bloomberg.

NEM April option implied volatility of 42 is near its 26-week average of 40 according to Track Data, suggesting non-directional price risks.

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

Symbol Lookup
IndexesChangePrice
DJIA-223.328,280.74
NASDAQ-49.201,796.52
S&P 500-26.91896.42

Last updated: July 04, 2009: 02:04 PM

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