Newmont Mining Corp. (NYSE: NEM), the world's largest non-hedged gold producer, closed at $54.50. Gold is recently up 2.36% to $842.80, according to Bloomberg. NEM November option implied volatility is at 44, December is at 42 above its 26-week average of 33 according to Track Data suggesting larger price risks.
Freeport McMoRan Copper & Gold (NYSE: FCX) closed at $113.50. FCX, is engaged in copper, gold and silver mining and production operations. Gold is recently up 2.36% to $842.80 according to Bloomberg. FCX over all option implied volatility of 46 is above its 26-week average of 43 according to Track Data, suggesting larger risk.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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Lots more quarterly reports rolled out this past week, and here are some highlights of earnings coverage from BloggingStocks:
- Alcatel-Lucent (NYSE: ALU) reported more losses and more job cuts.
- Alvarion Ltd.'s (NASDAQ: ALVR) record quarter fuels speculation of a Cisco (NYSE: CSCO) buyout.
- Avon Products Inc.'s (NYSE: AVP) profit rose 61%, buoyed by strength in emerging markets.
- Chevron Corp. (NYSE: CVX) fell short of expectations due to tighter margins.
- CIGNA Corp. (NYSE: CI) had a solid quarter but warned about 2008 earnings.
- Clorox Co. (NYSE: CLX) blamed profit loss on materals costs, and announced acquistion of Burt's Bees.
- Colgate-Palmolive Co. (NYSE: CL) beat estimates by a penny and had strong sales overseas.
- Crocs Inc. (NASDAQ: CROX) beat earnings estimates and revised its full-year forecast.
- Dell Inc. (NASDAQ: DELL) announced it would restate revenues, ahead of its November quarterly report.
- Exxon Mobil Corp. (NYSE: XOM) missed expectations, also due to tighter margins.
- Given Imaging Ltd. (NASDAQ: GIVN) cited FDA