Wells Fargo (WFC) closed at $26.49. December option implied volatility is at 36; January is at 41, below its 26-week average of 48, according to Track Data, suggesting decreasing price movement.
Best Buy (BBY) closed at $43.54. Best Buy is expected to report Q2 EPS on December 15. December option implied volatility is at 42; January is at 39, below its six-week average of 44, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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