Barrick Gold (NYSE: ABX) closed at $37.18. Gold is recently up 1.43% to $977 according to Bloomberg. ABX June option implied volatility is at 45, July is at 47; below its 26-week average of 66, according to Track Data, suggesting decreasing price movement.
Melco Crown Entertainment (NYSE: MPEL) closed at $6.06. MPEL's City of Dreams in Cotai, Macau, is scheduled to open on June 1. MPEL June option implied volatility is at 91, October is at 95; near its 26-week average according to Track Data, suggesting non-directional price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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