Wells Fargo (WFC) volatility expected to adjust on chairman and chief executive officer retirement and Q3

October 13, 2016 8:31 AM EDT

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Wells Fargo (NYSE: WFC) is recently up 53c to $45.85 after chairman and chief executive officer John Stumpf informed the company's board of his retirement, effective immediately. October weekly call option implied volatility is at 43, October is at 27, November is at 24; compared to its 52-week range of 14 to 36 into the expected release of Q3 results on October 14.

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