Morgan Stanley (NYSE: MS) closed at $15.22 on Friday. MS is expected to report Q4 EPS in mid December. MS December 15 straddle is priced at $3.30. MS January option implied volatility of 126 is above its 26-week average of 98 according to Track Data, suggesting large price movement.
Goldman Sachs (NYSE: GS) closed at $70.72 on Friday. GS is expected to report Q4 EPS on December 16. GS December 70 straddle is priced at $13.30. GS January option implied volatility of 103 is above its 26-week average of 74 according to Track Data, suggesting large price movement.
Mitsubishi UFJ Financial Group (NYSE: MTU) said it will raise about $4.3 billion by selling common shares to boost capital. MTU overall option implied volatility of 91 is above its 26-week average of 62 according to Track Data, suggesting larger price movement.
Financial Select Sector-XLF overall volatility at 83; 26-week average is 53
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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