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