MetLife (NYSE: MET) closed at $29.41. MET is speaking at the Wachovia Securities 19th Annual Mid-Year Equity Conference on June 23. MET July option implied volatility of 70 is below a level of 82 from mid-May and below its 26-week average of 92, according to Track Data, suggesting decreasing price movement.
Prudential Financial (NYSE: PRU) closed at $36.15. PRU July option implied volatility of 61 is below a level of 93 from mid-may and below its 26-week average of 111, according to Track Data, suggesting decreasing price movement.
Lincoln National (NYSE: LNC) closed at $15.06. LNC priced 40M shares at $15 on June 16. LNC July option implied volatility of 82 is below a level of 124 from mid-May and below its 26-week average of 128, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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