Goldman Sachs (NYSE: GS) closed at $149.44. GS is scheduled to report Q2 EPS before the open on July 14. GS July 150 straddle is priced at $8.30, August 150 straddle is priced at $17.45. GS July option implied volatility is at 59, August is at 45; below its 26-week average of 66, according to Track Data, suggesting decreasing price movement.
Financial Select Sector (NYSE: XLF) overall volatility at 47; 26-week average is 62.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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