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Options Update: Teck Cominco and Rio Tinto volatility decreases as shares rally

Posted May 7th 2009 9:45AM by Paul FosterPaul Foster RSS Feed
Filed under: Analyst upgrades and downgrades, Options, Rio Tinto plc ADS (RTP)

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Teck Cominco (NYSE: TCK) closed at $14.04. TCK, a metals producer, announced on May 5 it issued $4.255 billion in long term bonds. TCK June and August option implied volatility of 84 is below its 26-week average of 111, according to Track Data, suggesting decreasing price movement.

Rio Tinto (NYSE: RTP) closed at $183.66. RTP, the world's third-largest mining company, was upgraded to Overweight from Equalweight at Barclays Capital. RTP June option implied volatility of 70 is below its 26-week average of 85, according to Track Data, suggesting decreasing price movement.

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

Tags: option implied volatility, OptionImpliedVolatility, rtp, tck, Teck Cominco, TeckCominco

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Last updated: November 25, 2009: 02:38 PM

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