Options Update: Lehman (LEH) & JP Morgan Chase (JPM)
LEH June Volatility Elevated At 85
LEH closed at $37.20.
LEH is expected to report Q2 EPS in mid-June.
LEH June option implied volatility is at 85, July is at 76. This is above its 6-month average of 58, suggesting larger price risk.
JP Morgan Chase (JPM)
JPM Volatility Flat At 35
JPM closed at $43.01.
JPM June and July option implied volatility of 35 is near its 6-month average of 36, suggesting non-directional price movement.
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