Petrobras (NYSE: PBR), a Brazilian oil conglomerate, closed at $23.07. Crude oil futures are recently down 6.10% to $34.01 a barrel according to Bloomberg. PBR January option implied volatility of 87 is above its 26-week average of 73, according to Track Data, suggesting larger price movement.
ExxonMobil (NYSE: XOM) closed at $77. XOM January option implied volatility of 52 is above its 26-week average of 33, according to Track Data, suggesting larger price fluctuations.
Chevron (NYSE: CVX) closed at $73.03. CVX January option implied volatility of 60 is above its 26-week average of 47, according to Track Data, suggesting larger price movement.
ConocoPhillips (NYSE: COP) closed at 51.54. COP January option implied volatility of 66 is above its 26-week average of 51, according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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