DeVry (NYSE-DV) is recently up $1.73 to $46.10. Standard & Poors announced that DV will replace General Motors in the S&P 500 Index after the market close on June 8. DV June and July option implied volatility of 45 is below its 26-week average of 56, according to Track Data, suggesting decreasing price movement.
Financial Select Sector (NYSE-XLF) is recenlty down 12c to $12.23. XLF top holdings in the fund are JPM, WFC, BAC, GS, USB, C, MET, TRV and AXP. XLF over all option implied volatility of 50 is below its 26-week average of 66, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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