Now, let's check out some energy co. I think the upside far outweighs the downside for this BNP Paribas-PetroChina call (18893), closing at $ 0.046, down 17+% today. 857 PetroChina came down quite a bit (closing $ 8.72, down over 3% overnight) in response to the general correction in the market as well as news of falling crude oil price overnight. It is a calculated bet. 18893 expirs Nov 2010 with implied volatility and leverage of 36% and 7.7% respectively. Turnover as at 5 May was 60.12 m shares.
Source: ET Net; 857 PetroChina
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