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Monday, January 09, 2012



ATM OPTION VOLATILITY INDICATIONS



Copper Aluminium Zinc Nickel Lead

Indic. Val. Indic. Val. Indic. Val. Indic. Val. Indic. Val.





Feb-12 32.5/34.5 34.34 23.5/25 24.80 33/35 35.94 36.5/38.5 38.23 36/38 37.32



Mar-12 34/35.5 35.48 24/25.5 25.23 34.5/36.5 36.92 37/38.5 38.73 37/39 38.39



Apr-12 34.5/36 35.92 24/25.5 25.42 35/37 37.08 37.5/39 38.74 37.5/39.5 38.53



May-12 35/36.5 36.25 24.5/25.5 25.52 35/37 37.07 37.5/39 38.62 38/40 38.47



Jun-12 35/36.5 36.49 24.75/25.75 25.51 35.5/37.5 36.95 37.5/39 38.42 38/40 38.40







Avg 2012 35.5/37 36.12 24.5/25.5 25.22 36/38 36.50 37/39 38.08 37.5/39.5 37.96



Avg 2013 34.5/36 35.90 23.25/24.25 24.11 34/36 34.73 35.5/37 36.35







Dec-12 35.5/37 36.80 24/25 24.88 35/36.5 35.76 36.5/38 37.25 37/38.5 37.40



Dec-13 34/35.5 35.21 22.75/23.75 23.65 33/35 34.12 35/37 35.82



Dec-14 33.5/34.5 34.19 22/23 22.64



Dec-15 32.5/33.5 33.41 21.25/22.25 21.79



Dec-16 32/33 32.69 21/22 21.35





Please call direct on +44 1206 814940



**Please note the Vals listed above are for ATM options**



Mark Langran / Jim Kelland / Bruce Martin / Elliott Gold

Visit our website: www.delphi-derivatives.com



This e-mail and or any attached documents may contain privileged and confidential information and

should only be read by those persons to whom it is addressed. We cannot guarantee the genuiness,

accuracy or completeness of the information contained in this document or any attachments.

E&OE.

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