Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Volatility in financial sector is flat as shares trend to four-month lows, suggesting an orderly sell off.
 
Financial Select Sector (XLF) overall volatility at 23, 26-week average is 23 with active June 15 call volume.
BNY Mellon (BK) overall option implied volatility of 26 is near its 26-week average.

JP Morgan (JPM) overall option implied volatility of 28 is near its 26-week average.

Bank of America (BAC) overall option implied volatility of 34 is near its 26-week average of 32.

Wells Fargo (WFC) overall option implied volatility of 33 is near its 26-week average of 32.

U.S. Bancorp (USB) overall option implied volatility of 26 is near its 26-week average.
Citigroup (C) overall option implied volatility of 32 is near its 26-week average.
BB&T (BBT) overall option implied volatility of 26 is near its 26-week average.
PNC Financial (PNC) overall option implied volatility of 26 is near its 26-week average.