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Option Update: JP Morgan and Wells Fargo volatility at low end of range

JP Morgan Chase (NYSE: JPM) May option implied volatility of 33 is below its 26-week average of 38 according to Track Data, suggesting decreasing price movement.

Wells Fargo (NYSE: WFC) May option implied volatility of 33 is below a level of 52 from April 14 and below its 26-week average of 40, suggesting decreasing price movement.

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

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Symbol Lookup
IndexesChangePrice
DJIA-171.6311,543.55
NASDAQ-44.122,367.52
S&P 500-17.851,282.83

Last updated: August 29, 2008: 06:34 PM

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