MA, More Meat Loaf

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If you consider the VIX futures overbid somehow a sign of a market blow up to be named later, then what do you make of the volatility of individual names?

Take Mastercard here (MA). Unlike the vast majority this go around, it did actually have a nice earnings pop. But here we are again with 10 Day HV (up top) in the mid 20′s. And 30 Day options volatility at 52 week lows not much above 30.

The graphs here only go back 6 month’s, but that options volatility was over 100 last October.

In that sense, MA resembles pretty much everything else. Pick an individual name, and unless there’s an earnings report pending, it’s highly likely options sit at 52 week lows. And justified one’s as realized stock volatility remains non-existent.

So that “Fear” evidenced by VIX futures premiums and shots at cheapie VIX calls? That’s about the only sign of a pulse in the options world.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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