Options Update: Citigroup (C), Bank of America (BAC) & Amex Financial Select Sector (XLF)

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Citigroup (C)

C Decreasing Volatility Suggesting Less Risk
 
C closed at $25.76.

C is scheduled to host Citi Investor/Analyst Day on May 9.

C May option implied volatility of 41 is below a level of 58 from April 17, suggesting less risk.




Bank of America (BAC)

BAC Volatility Decrease Suggests Less Risk
 
BAC closed at $37.87.

BAC May option implied volatility of 32 is below its 26-week average of 36, suggesting decreasing price movement.



Amex Financial Select Sector (XLF)

XLF Volatility Decreases As Financials Rally
 
XLF closed at $26.45.

C, BAC, AIG, JPM, WFC, WB & GS are components of the XLF.

XLF May at the money option implied volatility of 32 is below its
6-month average of 35, indicating less price movement.


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