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Frontier Oil (FTO) August 15 calls active on low volatility

June 24, 2009 2:30 PM EDT
FTO Hot Sheet
Overall Analyst Rating:
    BUY (= Flat)

Dividend Yield: 0.7%
Frontier Oil (NYSE: FTO) : Frontier Oil-FTO is recently down 37c to $12.33. BMO Capital has a $15 price target on FTO. WTI Crude Futures are recently down 0.78% to $68.70 according to Bloomberg. FTO August 15 calls have traded 21 times on contract volume of 4,124 contracts. FTO July and October option implied volatility of 65 is below its six-month average of 74, according to Track Data, suggesting decreasing price movement. Paul Foster

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