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Options Update: Yamana Gold calls active into analyst meeting and $1046 gold

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Yamana Gold (NYSE: AUY) closed at $11.35. Gold is recently up .62% to $1046.10 according to Bloomberg. AUY is hosting an analyst meeting today. AUY October option implied volatility is at 59; January is at 61; verses its 26-week average of 61, according to Track Data, suggesting non-directional price movement.

UltraShort Oil & Gas ProShares (NYSE: DUG) closed at $14.25. DUG corresponds to twice the inverse of the performance of the Dow Jones Oil & Gas Index. WTI Crude Futures are recently up .38% to $71.15 according to Bloomberg. DUG October option implied volatility is at 51; November is at 59; below its 26-week average of 65, according to Track Data, suggesting decreasing price movement.

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

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Last updated: November 24, 2009: 10:25 PM

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