Bank of America-(NYSE-BAC) volatility Elevated at 28; above 26-week average of 21. BAC is recently down .56 to $47.22. BAC call option volume of 45,694 contracts compares to put volume of 52,369 contracts. BAC August & September option implied volatility of 28 is above its 26-week average of 21 according to Track Data, suggesting larger risk.

Citigroup-(NYSE-C) September volatility Elevated at 37; above 26-week average of 21. C is recently down .97 to $46.30. C call option volume of 76,747 contracts compares to put volume of 82,171 contracts. C August option implied volatility is at 39; September is at 37; above its 26-week average of 21 according to Track Data, suggesting larger risk.

JP Morgan-(NYSE-JPM) September volatility at 46; above 26-week average of 25. JPM is recently down .85 to $43.75. JPM call option volume of 33,492 contracts compares to put volume of 34,684 contracts. JPM August & September option implied volatility of 46 is above its 26-week average of 25 according to Track Data, suggesting larger risk.

Volatility Index S&P 500 Options-VIX is up 2.83 to 24.05

Daily options Update is provided by Paul Foster of theflyonthewall.com.