Morgan Stanley (NYSE: MS) closed at $25.43. MS is expected to report Q1 EPS soon. April option implied volatility is at 114; July is at 98. MS average option implied volatility over the last 26-weeks is 102, according to Track Data, suggesting larger price movement on EPS concerns.
Goldman Sachs (NYSE: GS) closed at $98.80. GS is expected to report Q1 EPS soon. GS April option implied volatility is at 80, July is at 75; near its 26-week average of 78, according to Track Data, suggesting non-directional price movement into EPS.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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