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Options Update: Goldcorp puts active on low volatility; gold above $986

Posted Sep 3rd 2009 9:00AM by Paul FosterPaul Foster RSS Feed
Filed under: Options, Goldcorp Inc (GG), Politics

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Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $39.76. Gold is recently up .85% to $986.80 according to Bloomberg. GG September option implied volatility is at 51, October is at 50; below its 26-week average of 55, according to Track Data, suggesting decreasing price movement.

CBOE Volatility Index S&P 500 Options-VIX closed at 28.90. VIX September 27.5 straddle is priced at $4.25, September 25 straddle is priced at $7.10, November 27.5 straddle is priced at $7.50; according to Track Data.

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

Tags: CBOE Volatility Index SP 500 Options-VIX, CboeVolatilityIndexSp500Options-vix, Goldcorp, option implied volatility, OptionImpliedVolatility

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Last updated: November 27, 2009: 08:27 AM

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