Options Update: MF Global (MF) & Noble (NE)
MF Global (MF)
MF Global (MF) May volatility decreases to 94 as shares rally 24%
MF is recently trading up $2.85 to $14.41 after issuing preliminary financial data.
Keefe Bruyette say's "We raise our 12-month price target to $15 to reflect a higher book multiple."
MF May option implied volatility of 94 is below a level of 112 fromApril16 and above its 26-week average of 63 according to Track Data,suggesting decreasing price movement.
Noble (NE)
Noble (NE) volatility Flat as shares approach record high
NE, an offshore contract drilling company, is scheduled to report Q1 EPS on April 24.
NE is recently up $1.02 to $57.28. Crude oil futures are recently up 77% to $115.74 according to Bloomberg.
NE May option implied volatility of 40 is near its 26-week averageaccording to Track Data, indicating non-directional price fluctuations.
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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.
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