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MasterCard Inc. (MA) closed down $6.12 to $194.40. Traders are concerned the Federal Reserve's potential approach to debit rules following the Financial Reform Bill could pressure the shares of MA and Visa. October put option implied volatility is at 36, January is at 38. This is versus its 26-week average of 33, according to Track Data, suggesting larger price movement. S&P Retail Index SPDR (XRT) seeks to replicate as closely as possible to the performance of the S&P Retail Select Index. XRT closed up 38 cents to $38.59. XRT call option volume of 16K contracts compares to put volume of 91K contracts. September put option implied volatility is at 27, October is at 31, December is at 35. This is versus its 26-week average of 29, according to Track Data, suggesting larger December price movement.
Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.
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