Options Update: Motorola (MOT) & Amex Financial Select Sector (XLF)
Motorola (MOT)
MOT Volatility Elevated As Shares Near Four-Year Low On Sprint
MOT is recently down $.40 to $10.
MOT is a primary supplier to S Nextel wireless customers. S announced on Feb. 28 disappointing financials guidance on reduced revenue from fewer subscribers.
MOT call option volume of 36,574 contracts compares to put volume of 32,341 contracts.
MOT over all option implied volatility of 44 is above its 26-week average of 36, suggesting larger movement.
Amex Financial Select Sector (XLF)
XLF Put Volume Heavy With Higher Volatility
XLF seeks to replicate the total return of the Financial Select sector of the S&P 500 Index.
XLF is recently down $.96 to $25.74.
C, BAC, AIG, JPM, WFC, WB & GS are components of the XLF.
XLF call option volume of 176,880 contracts compares to put volume of 498,028 contracts.
XLF March at the money option implied volatility of 44 is above its 26-week average of 33, suggesting larger movement.
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About Paul Foster
Paul Foster is a former member of the Chicago Board Options Exchange with 21-years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options and mergers & acquisitions. His writing about the options market has appeared in a wide variety of publications.
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