Options Update: Citigroup Volatility Low; Treasury Announces Sale of 1.5B of C Shares

Filed under: Pfizer (PFE), Citigroup Inc. (C), Options

Citigroup (C) closed at $4.03. The U.S. Treasury Department said that it plans to sell additional 1.5B shares of C. Overall option implied volatility of 45 is below its 26-week average of 50, according to Track Data, suggesting decreasing price movement.

Pfizer (PFE) closed down 28 cents to $14.53. Pfizer is expected to report Q2 EPS on August 3. Call option volume of 157K contracts compares to put volume of 20K contracts. August and September put option implied volatility is at 28; December is at 31; verses its 26-week average of 28, according to Track Data, suggesting nondirectional price movement.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: Citigroup Volatility Low; Treasury Announces Sale of 1.5B of C Shares originally appeared on BloggingStocks on Sun, 25 Jul 2010 09:10:00 EST. Please see our terms for use of feeds.

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Citigroup - United States Department of the Treasury - Share - Option - Business

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