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Chesapeake Energy (CHK) volatility of 47 near 17-month lows

November 11, 2009 8:52 AM EST
Chesapeake Energy (NYSE: CHK) closed at $25.34. FBR Capital Markets has an Outperform and $35 price target on CHK. Natural gas is recently up .49% to 4.489 according to Bloomberg. CHK November and December option implied volatility of 47 is below its six-month average of 53 according to Track Data, suggesting decreasing price movement. Paul Foster

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