wwwPosted Sep 8th 2008 8:25AM by Paul Foster
Filed under: Federal Natl Mtge (FNM), Options
The U.S. Treasury took over Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Equity markets rallied around the world and Treasuries fell on the takeover of FNM and FRE. FNM overall option implied volatility of 199 and FRE at 186 was above their 26-week average according to Track Data, suggesting large price movement.
Financial Select Sector-XLF overall volatility at 42; 26-week average is 38.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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