Options Update: JA Solar (JASO) & Amex Financial Select Sector (XLF)
JA Solar (JASO)
JASO elevated volatility of 95 suggests larger price movement.
JASO, a Chinese-based solar cell manufacturer, is recently up $.59 to $60.50.
JASO's 3-for-1 ADS stock split will take effect on February 7th.
JASO February option implied volatility of 95 is above its 6-month average of 83, suggesting large price movement.
Amex Financial Select Sector (XLF)
XLF February volatility elevated at 43.
XLF seeks to replicate the total return of the Financial Select sector of the S&P 500 Index.
XLF is recently down $.24 to $27.66.
C, BAC, AIG, JPM, WFC, WB & GS are components of the XLF.
XLF February at the money option implied volatility of 43 is above its 26-week average of 32, suggesting larger movement.
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