A Look at FirstEnergy’s Implied Volatility
FirstEnergy’s implied volatility
On April 20, 2017, FirstEnergy’s (FE) implied volatility was 20.6%, higher than its 15-day average implied volatility. As the following graph shows, a fall in FE’s implied volatility has corresponded to gains in its stock price, and vice versa.
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In comparison, the Utilities Select Sector SPDR ETF (XLU) had an implied volatility of 13.5% on April 20, 2017. FE’s peer Duke Energy’s (DUK) implied volatility was 14%, which was close to its 15-day average. Southern Company’s (SO) implied volatility was 14%.
You can read what’s happening with Southern Company in Southern Company: Westinghouse Issue Hints at a Thorny Path.