Option Update: CNOOC Ltd volatility low as oil trades at $125

Posted May 9th 2008 8:51AM by Paul Foster
Filed under: Options, Oil

CNOOC Ltd (NYSE: CEO) -- as of 12/31/06, CEO owned net proved reserves of approximately 2.53 billion barrels of oil.

CEO closed at $180.67 Thursday.

WTI Crude Futures are up 1.65% to $125.73 according to Bloomberg.

CEO over all option implied volatility of 39 is below its 26-week average of 47 according to Track Data, suggesting decreasing risk.

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

Tags: CNOOC Ltd, CnoocLtd, option implied volatility, OptionImpliedVolatility

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