Blogging Options: CBOE Morning Update

Stock Mover’s:
 
Salesforce.com (CRM) is recently up 7% on better than expected Q1 results. Overall option implied volatility of 47 is near its 26-week average of 46 according to Track Data.

Barnes & Noble (BKS) announced that the Special Committee of its Board of Directors has received a proposal from Liberty Media (LSTZA, LINTA) to acquire the company at a price of $17 per share in cash. Barnes & Noble overall option implied volatility of 69 is above its 26-week average of 55.
 
 
Volatility as an asset class:
 
CBOE Russell 2000 Volatility Index (RVX) closed at 21.45; above 10-day moving average of 22.43 and 50-day moving average of 23.36. 
 
United Therapeutics (UTHR) remodulin Phase 3 Freedom-M data is expected in June and Freedom-C is expected in December. June put option implied volatility is at 66, November is at 59; compared to its 26-week average of 48, suggesting larger price movement.
 
 
CBOE Significant Call Volume:
 
C June 4.5 10K 
C July 4.5 10K
INTC January 2012 25 9K
EXPE October 31 8K
NYX September 43 8K
 

CBOE Significant Put Volume:
 
C May 4.5 12K
IL Sept 17.5 10K
EXPE Oct 24 8K 
AAPL May 340 5K
RIMM Jan 2012 40 5K
HPQ May 38 5K