Options Wednesday: A Comparison of Implied Volatility of the Italian Stock Market
Nov 28, 2018
The Data Daily: Where the charts tell the story
This week's Options Wednesday focuses on a comparison of implied volatility of the Italian stock market.
From the graphs below we observe:
- Implied volatility remains expensive for individual Italian stocks on a relative basis vs both their European and US peers. The "rich" implied volatility for Italian stocks can be explained by continued global macro uncertainty surrounding the impasse between the Italian coalition government and the EU over the Italian budget deficit target for CY2019.
Italian Stock Market - iShares MSCI Italy ETF (EWI)
Assicurazioni Generali S.p.A. (BIT:G) - Rated "Unattractive" in our European Large-Cap Global Top Stock Ideas
Eni S.p.A. (BIT:ENI) - Rated "Neutral" in our European Large-Cap Global Top Stock Ideas
Luxottica Group S.p.A. (BIT:LUX) - Rated "Attractive" in our European Large-Cap Global Top Stock Ideas