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Options Wednesday: A Comparison of Implied Volatility of the US Banking Sector

Oct 24, 2018

The Data Daily: Where the charts tell the story

This week's Options Wednesday focuses on a comparison of implied volatility of the US Banking Sector,

 

After reviewing the graphs below, we highlight:

  • Implied volatility for SPDR S&P Bank ETF (KBE) and SPDR S&P Regional Banking ETF (KRE) is bid up in sympathy the VIX which is currently above 23
  • The increase in implied volatility for JP Morgan (JPM), Goldman Sachs (GS) and Bank of America (BAC) is especially notable given the fact that all three banks stocks reported earnings which beat Street forecasts (and experienced positive price moves as a result)

 

Banking Sector - 30-day Implied Volatility - SPDR S&P Bank ETF (KBE)

Regional Banks - 30-day Implied Volatility - SPDR S&P Regional Banking ETF (KRE)

JP Morgan (JPM) - 30-day Implied Volatility - Rated 'Neutral' in US Large-Cap Global Top Stock Ideas

Goldman Sachs (GS) - 30-day Implied Volatility - Rated 'Neutral' in US Large-Cap Global Top Stock Ideas

Bank of America (BAC) - 30-day Implied Volatility - Rated 'Neutral' in US Large-Cap Global Top Stock Ideas

Wells Fargo (WFC) - 30-day Implied Volatility - Rated 'Neutral' in US Large-Cap Global Top Stock Ideas