Blogging Options: CBOE Morning Update

Stock Mover’s:
 
Cheniere Energy Partners (LNG) rallied 30% on May 20 following the announcement of DOE approval to export natural gas. June call option implied volatility is at 94, September is at 90; above its six-month average of 85.
 
Volatility as an asset class:
 
CBOE Volatility Index-VIX closed at 17.43; 10-day moving average is 16.80, 50-day moving average 17.88.

Boeing (BA) is hosting an investor meeting on May 24. Overall option implied volatility of 26 is near to its six-month average, suggesting non-directional price movement.
 
Novellus (NVLS) overall option implied volatility of 39 is above its 26-week average of 35, suggesting larger price movement into its May 31st mid-quarter update.

CBOE Significant Call Volume:
 
S May 5.5 11K contracts
BAC June 12 10K
BRCD July 7 7K
F May 15 7K
BAC July 13 7K
MGM June 16 6K
 
CBOE Significant Put Volume:
 
AAPL May 335 6K
TC May 10 5K
ARUN May 31 4K