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

Options Update: Teck Cominco and Rio Tinto volatility decreases as shares rally originally appeared on BloggingStocks on Thu, 07 May 2009 09:45:00 EST. Please see our terms for use of feeds.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"We own several stocks in our portfolio that are selling for less than their book value and with a P/E ratio of less than 5 -- but the prize among bargains is Teck Cominco (NYSE: TCK), our most promising stock for 2009," says Neil Macneale.

In his 2 for 1 newsletter -- which initially buys stocks when they announce 2-for-1 splits, he says, "It would be hard to argue this company is not literally being given away."

Macneale explains, "I bought this stock for the 2-for-1 portfolio over a year and half ago and its stock price has declined by about 90% since then.

"The Canadian mining company produces copper, zinc, gold, and metallurgical coal. All assets are in North America except for most of its copper operations, located in Peru.

"With a PE ratio bouncing between 1 and 2, and a Price-to-Book ratio at around 0.3, you are getting a well-established (1906), well-run asset play for less than its book value, even if existing plant and reserve values are slashed by over 50%.

Continue reading Top Stock Picks '09: Teck Cominco (TCK)

Top Stock Picks '09: Teck Cominco (TCK) originally appeared on BloggingStocks on Fri, 09 Jan 2009 17:30:00 EST. Please see our terms for use of feeds.

Southern Peru Copper (NYSE: PCU) closed at $18.12 Monday. Copper is recently up 5.31% to 153.65 according to Bloomberg. PCU February option implied volatility of 83 is above its 26-week average of 78, according to Track Data, suggesting larger price movement.

Teck Cominco (NYSE: TCK), a diversified mining company, closed at $6.82 Monday. TCK January 7.5 straddle is priced at $1.60, December 7.5 straddle is priced at $2.60. TCK February option implied volatility of 121 is above its 26-week average of 110 according to Track Data, suggesting larger share price movement.

Freeport McMoRan (NYSE: FCX) closed at $28.22 Monday. FCX, the world's second-largest copper producer, is expected to report Q4 EPS in mid January. February call option implied volatility is at 87, puts are at 84; 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

Options Update: Copper producers' volatility elevated; Copper up 5% originally appeared on BloggingStocks on Tue, 06 Jan 2009 08:30:00 EST. Please see our terms for use of feeds.

Cramer's metal armor originally appeared on BloggingStocks on Thu, 19 Jul 2007 17:40:00 EST. Please see our terms for use of feeds.