Blogging Options: CBOE Mid-day Update

Molycorp (MCP) filed to sell 10M shares of common stock for holders. June put option implied volatility is at 58, July is at 62, September is at 65; compared to its 26-week average of 64, suggesting decreasing near term price movement. 

Netflix (NFLX) is recently up 3.3% on active volume of 88K contracts on CBOE. June put option implied volatility is at 37, July is at 39, September is at 47; compared to its 26-week average of 51, suggesting decreasing near term price movement. 

El Paso Corporation (EP) 90K options have traded on the CBOE as traders, investors and arbitrageurs prepare for the plan to separate the company into two publicly traded businesses by year end 2011. June, October and January put volatility of 34 is near its 26-week average.