Solid Gold(man)
So how mediocre is volatility these days?
How about a spot where by all rights options should see a vertitable spike now, Goldman Sachs (GS)?
You have an ugly stock chart. You have an ugly stock chart with historical volatility on the high end. And you have an ugly stock chart with high end historical volatility in an earnings month.
And you have not much going on. V
Options sit in the mid 40’s, an incredibly average reading for GS.
I’ve noted FSLR and AAPL options recently as spots that look cheap to me, but in a way GS is worse. FSLR I could make a case needs to bust out of it’s recent range and/or break below it’s nearby 200 Day MA to get options players nervous. AAPL similar but in reverse as it has not violated any important tops.
GS though? It acts like dreck and has a report due soon that is sure to generate massive interest. And yet we have really nothing going on.
That’s complacency imho.
