JP Morgan (NYSE: JPM) closed at $42.46. December option implied volatility is at 39; December is at 37; below its 26-week average of 44, according to Track Data, suggesting decreasing price movement.
UltraShort Financials ProShares (NYSE: SKF) is an exchange-traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF is recently down 59 cents to $24.12 in pre-open trading. Overall option implied volatility of 62 is below its 26-week average of 73, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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