Volatility as an asset class
Bank of America (BAC) is recently down 19c to $15.64 after reporting Q1 EPS with items 27c, compared to consensus 29c. April call option implied volatility is at 26, May and June is at 19; compared to its 26-week average of 24.
PNC Financial (PNC) is recently down 96c to $92.66 after reporting Q1 revenue fell 1.2%. April call option implied volatility is at 21, May is at 18, August is at 16; compared to its 26-week average of 19.
U.S. Bancorp (USB) is recently up[...]