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Option Update: National City shares trade at 15-year low

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National City (NYSE: NCC) volatility aggressive; shares trade at 15-year low as NCC is recently down $3.69 to $9.44.

NCC March 10 straddle is trading at $3.00. NCC April option implied volatility of 140 is above its 26-week average of 46 according to Track Data, suggesting larger price fluctuations.

Volatility Index S&P 500 Options-VIX up 3.52 to 34.68.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 01:04 PM

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