Citigroup (NYSE: C) volatility at four-year highs. C November option implied volatility of 41 is above its 26-week average of 25 according to Track Data, suggesting larger price fluctuations.
Washington Mutual (NYSE: WM) volatility at six-year highs on credit exposure concerns. WM is the third-largest mortgage lender in the U.S. with consumer and business banking. WM November option implied volatility of 48 is above its 26-week average of 32 according to Track Data, suggesting larger price fluctuations.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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Reader Comments (Page 1 of 1)
10-28-2007 @ 11:08PM
Alex Esguerra said...
I wish as a customer and depositor of WAMU, there was something I can do to help their management think of operative strategies to stay afloat.
However, unfortunately even as a very tiny non-sense depositor they have victimized me over their excessive overdraft fees. So even if they think I am not somebody because I don't have money, I might have the strategy to show them a way out.
First and foremost as an understatement, they have to create value to their existing customer depositors right now regardless if they have a penny in their account. Customer loyalty is very much imperative right now as if they continously lose these confidence weekly in great amounts, a foreseen bankroll is inevitable.
Then, second is even though I salute them on their middle managements empowerment and diversity, running a business is no longer a hit and miss. It has to be a long futuristic strategy to correct whatever in order to gain confidence.
After, "MUTUAL" is all about relationships.
11-09-2007 @ 3:12PM
MsBound said...
The lastest news on the WAMU volatility is scary.
I am also a small time depositor, and have been am seriously thinking of moving out of WAMU to a different bank.
Banking with WAMU is changing fast. A good friend of mine used to work for them, they fired all the IT guys ( west coast) and outsourced that department outside of the US. Most of the time you are talking with someone in India or someone who cant speak English very well?? or get just an automated response to any email inquiries.