Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $44.34.
Gold is recently up 1.07% to $924.90 according to Bloomberg. GG is scheduled to report Q2 EPS on July 31.
GG overall option implied volatility of 46 is near its 26-week average according to Track Data, suggesting non-directional price risk.
Financial Select Sector-XLF overall volatility at 39; 26-week average is 34
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com











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