Citicorp C (news,
chart,
quote) - C option implied volatility at 16 as shares Rally $1.66 to $49.80 on positive Globalization
C is up 1.62 to $49.48. PRUS say's "growth in global capitalism is a positive trend, which should especially help JPM & C (these are our top 2 recommendations among the banks)." C May option implied volatility of 16 is near its 6-month average. C's heavy total option volume of 86,406 contracts on average implied volatility suggests spreaders are hedging on higher share price action and positive fundamentals. Paul Foster
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