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Option Update: Credit Suisse and UBS AG volatility elevated

Credit Suisse (NYSE: CS) closed at $46.63 Thursday. CS overall option implied volatility of 40 is above its 26-week average of 34 according to Track Data, suggesting larger price movement.

UBS AG (NYSE: UBS) closed at $23.09 Thursday. UBS July option implied volatility of 53 is above its 26-week average of 42, suggesting larger price movement.

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

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Last updated: November 22, 2008: 09:04 AM

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