Options Update: Tesoro (TSO) & CV Therapeutics (CVTX)
Tesoro (TSO)
TSO Volatility Elevated; Shares Near One-Year Low On $104 Oil
TSO is an independent refiner and marketer of petroleum products.
TSO is recently trading at $34.65.
Crude oil futures are recently up 4.60% to $104.10.
TSO April option implied volatility of 55 is above its 26-week average of 48, suggesting larger price fluctuations.
CV Therapeutics (CVTX)
CVTX Option Prices Suggests Large Price Movement
CVTX is a biopharmaceutical company focused on the discovery, development and commercialization of drugs for the treatment of cardiovascular diseases.
CVTX is recently down $.45 to $5.99.
Leerink Swann said on Feb. 27, "We don't view the Regadenoson NDA decision on 3/14 or the Ranexa NDA decisions on 7/27 as major inflection points."
CVTX March 5 straddle is priced at $1.95.
CVTX April option implied volatility of 151 is above its 26-week of average of 65, suggesting large risk.
"
About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
View Paul Foster's post archive >
