Futures continue to suggest a higher open Stock futures remain higher as investors have now turned more optimistic about the outlook for a solution to the fiscal cliff crisis. The government's sale of its remaining stake in AIG (AIG) is also lifting the futures. The trade balance report was released for the month of October, and showed a deficit of $42.2B versus the expected deficit of $42.7B. Trading is expected to be slow once again, barring any reports of a fiscal cliff breakthrough.
AIG August weekly volatility elevated into Q2 and outlook AIG August weekly call option implied volatility is at 26, August is at 20, September is at 19; compared to its 52-week range of 12 to 33, suggesting large near term price movement into the expected release of Q2 results on August 4.