Hartford (HIG) implied volatility is elevated as the stock gives back gains and heads lower. HIG hit a high of $10.67 at the bell, but was recently down $1.89 to $8.35 and 5 cents off session lows. IV is rallying towards 190, up from about 158 the day before.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.