Did HollyFrontier’s Implied Volatility Fall after Its Earnings?
HollyFrontier (HFC) posted its earnings on November 3, 2016, before market hours. On the day, HollyFrontier’s implied volatility fell 1.3% to 45% compared to the previous day. It’s higher than the 30-day average implied volatility at 43%. On November 3, HollyFrontier’s stock prices fell 3%.
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Peers implied volatility
On November 3, HollyFrontier’s peers Delek US Holdings (DK) and Alon USA Energy’s (ALJ) implied volatilities fell 1.1% and 1.7%, respectively. For broad-based exposure to energy sector stocks, you can consider the Energy Select Sector SPDR ETF (XLE).