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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: Clark Kent who wrote (1584)	7/9/2010 9:47:26 PM
From: tyc:>	Read Replies (1) \| Respond to of 1598

You sent me to this site and I keyed in SA Cannot explain why you didn't get the specific page i linked. However on the page you got, the historic volatility is shown toward bottom right. The 9 day JV was 55%. If you click and "charts" and then "custom charts" you will be able to display HV in graph form It's one of a long list of displays available. I said you can find the delta and the implied volatility on any option calculator. The "Hoadley" calculator is linked on the opening page of the Canadian Warrants Only thread. Subject 27370 I'll take a look at your Seabridge call this weekend. Just thought it would be a good start for you to calculate its leverage.

To: Clark Kent who wrote (1584)	7/10/2010 12:54:58 PM
From: tyc:>	Read Replies (1) \| Respond to of 1598

I took a look at your SA Ja50calls, using the data you provided: . If the stock price is $29.24, the Ja50 call is way out of the money. The call will probably not react with any vigour to movement in the price of the stock. Reflecting that, the delta is only 12%. (leverage is therefore currently ~6x) . My calculator indicates that a current price of .55c for the call indicates an implied volatility of 51.6%. This is not cheap given that recent Historic Volatility of the common is only 50%. (The market often makes a joke of such prognosis)