Option update: Housing stocks & ‘Credit Providers’ volatility decreases on FOMC cut
Posted by: in Stocks Money NewsFiled under: MasterCard Inc’A’ (MA), Toll Brothers (TOL), Options
Toll Brothers-(NYSE-TOL) volatility decreases as the Federal Open Market Committee lowers rates to 4.75%. TOL, the largest U.S. builder of luxury houses, is recently up $1.30 to $22.20. The FOMC lowered the Fed Funds rate by .50 to 4.75%. TOL October option implied volatility of 50 is below its 7-week average of 55 according to Track Data, suggesting decreasing risk.
MasterCard-(NYSE-MA) volatility decreases as MA rallies after FOMC lowers rates to 4.75%. MA, a global payment solutions company, is recently trading up $9.31 to $146.02. The FOMC lowered the Fed Funds rate by .50 to 4.75%. MA October option implied volatility of 38 is below its 7-week average of 42 according to Track Data, indicating decreasing price fluctuations.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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