JP Morgan (NYSE: JPM) is recently trading at $20.56 in pre-open trading, above its close of $19.51. JPM reduced its quarterly dividend to 5c and provided an inline Q1 update. JPM March 20 straddle is priced at $5.55, June 20 straddle is priced at $9.55. JPM March option implied volatility of 123 is above its 26-week average of 89, according to Track Data, suggesting large price movement.
PNC Financial Services (NYSE: PNC) Financial Services closed at $24.61. PNC March option implied volatility is at 137; June is at 108; above its 26-week average of 77, according to Track Data, suggesting larger near term price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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