Options Update: MasterCard Volatility Elevated

MasterCard Incorporated MA closed down $6.12 to $194.40. Traders are concerned the Federal Reserve's potential approach to debit rules following the Financial Reform Bill could pressure the shares of MA and Visa. October put option implied volatility is at 36, January is at 38. This is versus its 26-week average of 33, according to Track Data, suggesting larger price movement. S&P Retail Index SPDR XRT seeks to replicate as closely as possible to the performance of the S&P Retail Select Index. XRT closed up 38 cents to $38.59. To read the rest, head over to BloggingStocks.