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Option Update: ExxonMobil volatility flat as oil trades above $111

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ExxonMobil (NYSE: XOM) is recently up 32 cents to $89.93.

Crude oil futures are up 2.72% to $111.45 according to Bloomberg.

XOM May option implied volatility of 29 is near its 26-week average according to Track Data, suggesting non-directional price fluctuations.

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

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Last updated: November 11, 2009: 02:26 PM

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