S&P Retail Index SPDR (NYSE: XRT) seeks to replicate as closely as possible to the performance of the S&P Retail Select Index. XRT closed at $34.65. Retailers are scheduled to report September sales this morning. XRT October option implied volatility is at 30, November is at 32; versus its 26-week average of 38, according to Track Data, suggesting decreasing price movement.
China Petroleum & Chemical (NYSE: SNP) closed at $86.99. WTI Crude futures are up .89% to $70.89 according to Bloomberg. SNP overall option implied volatility of 36 is below its 26-week average of 46, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
