Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on May 31, 2006, 7:55 am
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Alcan Aluminum AL (news,
chart,
quote) - AL June implied volatility is high on Mineral uncertainty
AL is a global materials company, delivering high quality products. AL has 65,000 employees in 59 countries with revenues of $20.3 billion in 2005. AL has a market cap of $19 billion. Globe and Mail reported investment banking sources indicate RTP and BHP are looking at AL. AL June option implied volatility of 52 is above its 26-week average of 33. AL option implied volatility is above average on aluminum and mineral commodity pricing uncertainty.
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