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Option Update: Wells Fargo and US Bancorp volatility increases

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Wells Fargo (NYSE: WFC) closed at $25.27 Monday. WFC July option implied volatility of 51 is above its 26-week average of 40 according to Track Data, suggesting larger price movement.


US Bancorp (NYSE: USB) closed at $30.95 Monday. USB June option implied volatility is at 39, July is at 35; above its 26-week average of 31, suggesting larger risks.


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

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S&P 500+3.12882.68

Last updated: July 10, 2009: 02:54 AM

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