Blogging Options: CBOE Morning Update

Stock Mover’s:
AIG’s (AIG) 300M share Secondary was priced at $29.00. BofA/Merrill, Deutsche Bank, Goldman and JP Morgan acted as joint book running managers for the offering. AIG is recently trading at $28.70 in pre-open trading. Overall option implied volatility of 32 is below its six-month average of 36.

TiVo (TIVO) overall option implied volatility of 55 is below its 26-week average of 82, suggesting decreasing price movement after the release of an inline Q1 EPS of $1.04.

Volatility as an asset class:

SPDR Gold Trust-GLD overall implied volatility at 19; 26-week average is 19.
iShares Silver Trust-SLV overall implied volatility at 40; 26-week average is 38.
Time premium sensitive option traders are aware of that there are three trading days into next six days.
CBOE Significant Call Volume:
CCO January 20 18K contracts
PFE January 22.5 10K
GM September 40 8K

CBOE Significant Put Volume:
GM September 25 16K contracts
BAC June 11 7K 
BP June 44 7K