Amex Financial Select Sector (AMEX: XLF) volatility decreases after rate cut.
- XLF closed at $35.15.
- XLF seeks to replicate the total return of the Financial Select sector of the S&P 500 Index. Citigroup (NYSE: C), Bank of America (NYSE: BAC), American International Group (NYSE: AIG), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC), Wachovia (NYSE: WB) and Goldman Sachs (NYSE: GS) are components of the XLF.
- XLF total option volume was 294,706 contracts on 9/18 . XLF over option implied volatility of 23 is below its 7-week average of 30 according to Track Data, suggesting decreasing risk.
Volatility Index S&P 500 Options - VIX at 20.03; 10-day moving average is 24.43.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger

