Replies to post #428379 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

PFE October option implied Volatility up to 40 on heavy Volume


The options market is pricing in the expectations PFE will react to a UK Lipitor ruling on October 12th. PFE October option implied volatility of 40 is above its 26-week average of 24. PFE intra-day call option volume of 61,724 contracts compares to intra-day put volume of 24,634 contracts. Above average option implied volatilities and volumes suggests larger price fluctuations or risk.

[MyHunch]

Thanks, that was the 100th time that rumor has surfaced(g)

[marketmaven]

CRAP!-TZOO,MSTR,GOOG,AMZN,F,GM -All Buyouts!! And Argentina may curb oil exports ? CRAP!

Argentina may have to curb oil exports if cos fail to invest - Enarsa president
10.05.2005, 07:41 AM

BUENOS AIRES (AFX) - The president of Argentina's state-run oil company Enarsa, Exequiel Espinosa, said that restrictions to oil exports may have to be imposed if oil companies fail to invest in exploration, daily La Nacion reported.

Speaking on the sidelines of an oil forum, Espinosa said that oil is a strategic resource for Argentina rather than a commodity.

The imposition of restrictions to oil exports cannot be ruled out, he said, adding that, 'to avoid this, oil companies will have to make the investments needed'.

Argentina has been a net oil exporters for at least 15 years, but the government fears the country could become a net oil importer within three years if no new oil discoveries are made.

According to the report, Espinosa's comments rattled the oil companies' representatives who attended the conference.

David Tesanos, marketing manager of Wintershall, was quoted as saying that what the oil sector needs is an improved business environment so that confidence is restored.

During a debate, Espinosa said that oil companies are making a lot of money due to high international prices.

This money is kept by the companies rather than spent on exploration, he was quoted as saying, adding that some people seem to forget that Argentina's country-risk premium is now much lower than at the time of Argentina's financial and economic crisis.

The main oil companies operating in Argentina are Repsol YPF SA, Petroleo Brasileiro SA and Total SA.

[Zeev Hed]

Giving most of it back, but here at $22, it is an interesting gamble. Just raised my bid on CNXS and got it at $25.31. And added AD here at $30.90 on the long side.

In edit, trying TZOO here at $22.29.